№ 1,764,319

Retail store, state of New York, USA

$4,727,000
$2,215 /m²
  • Total area 2,134 m²
  • Yield 5.5%
  • Lease term
  • Constructed  2017
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Irina Pchelinova
Irina Pchelinova
Investment consultant in New York City
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    Key project parameters
    Total area
    2,134 m²
    Floors
    1
    Constructed 
    2017
    Project description

    Retail store in the state of New York.

    Description

    Retail store of automotive components and accessories.

    Tenants
    Agreement
    n/a

    The tenant is one of the largest US companies for the sale of automotive components and accessories, numbering more than 5,000 stores throughout the US and Mexico.

    The lease agreement is valid for 15 years + the extension option 4х5 years.

    Type of rent: triple net lease.

    NNN lease is 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
    5.5%

    The cost of the property is 4,727,272 $.

    The absolute annual income is 259,999 $.

    The current yield is 5,5%.

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    Location and nearby infrastructure

    The property is located in the town with the population more than 20 thousand people (Westchester County, New York). The city belongs to the suburbs of New York and located north of the Bronx.

    There is a cafe, a car wash, a tire shop, an automobile workshop, a bus stop in a walking distance.

    The distance to New York (Manhattan) is about 65 km.

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    exit period
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    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

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    Providing transaction support

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

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        Anna Vorobyeva,
        Head of Commercial Property Department