- New York City Shop $4,727,000
- Basic parameters
- Photo
№ 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
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%.
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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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
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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
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Organising property viewings
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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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