№ 1,764,290
Shop 836 m² in New York City, USA
$3,500,000
$4,186 /m²
  • Total area 836 m²
  • Yield 5.2%
  • Lease term
  • Constructed
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Anastasia Kostyukevich
Investment consultant in New York City
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    Key project parameters

    Total area
    836 m²
    Number of parking lots
    12

    Project description

    Store with retail chain tenant.

    Description

    A free standing 836 m² building.

    Tenants

    Agreement
    n/a

    Fully let.

    About tenant:

    • American variety store chain
    • over 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington
    • the second largest retailer of its type in the United States
    • employs 1,400 people

    Type of lease: triple net lease.

    The most common type of lease in case of long-term contracts. The owner takes a lease ”in triple size, “ that is, without deduction of tax, insurance and maintenance costs (these costs are contractually borne by the tenant). The triple net lease agreement is aimed at saving the lessor from unnecessary costs, additional work and thereby increase the profitability of real estate.

    Financial performance

    Yield
    5.2%

    The cost of the facility is 3,500,000 $.

    Absolute annual income is 182,000 $.

    Сurrent yield of 5,2%.

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    Location and nearby infrastructure

    There is a bus stop (1 minute walk), a food store, a cafe, a bank, a mini market and a bar in the immediate vicinity.

    The property is located in Queens — the easternmost and largest in area of the five boroughs of New York City. It is located on Long Island and is washed by the Atlantic Ocean. With a population of 2.3 million people, it is the second most populous district of New York (after Brooklyn) and the 10th most populous district in the United States.

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    annual yield
    From 10%
    exit period
    3 years
    Request more details

    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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      Anna Vorobyeva
      Anna Vorobyeva,
      Head of Commercial Property Department
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      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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