- New York City Shop $5,079,000
- Basic parameters
- Photo
№ 1,764,288
Retail store, state of New York, USA
$5,079,000
$2,237 /m²
- Total area 2,270 m²
- Yield 5.5%
- Lease term —
- Constructed 2015
Key project parameters
- Total area
- 2,270 m²
- Floors
- 1
- Constructed
- 2015
Project description
A retail store in the state of New York.
Description
A free-standing building.
The property includes a pet store and a veterinary clinic.
Free parking.
Ownership type: Leasehold (the balance is 8 years).
Tenants
- Agreement
- n/a
The tenant is a well-known American retail chain selling goods and services for pets (about 1,500 stores in the US, Canada and Puerto Rico).
Type of lease: NN (with minimum responsibilities and expenses of the lessor).
The lease agreement with indexing 10% every 5 years, + extension options 2х5 years.
Financial performance
- Yield
- 5.5%
The cost of the property is 5,078,864 $.
The absolute annual income is 279,337 $.
The current yield is 5,5%.
Location and nearby infrastructure
The property is located in a village with a population of more than 30,000 people (Nassau County, New York).
The territory is a part of the New York City metropolitan area — one of the largest in the world, with a population of more than 20 million people.
There is a cafe, a restaurant, a grocery store, a brewery, a car wash and a garage in close proximity.
Traffic: more than 15,000 cars a day.
The distance to New York is about 50 km.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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