- New York City Shop $7,450,000
- Basic parameters
- Photo
№ 1,930,379
Chain Pharmacy, New York State, USA
$7,450,000
$4,831 /m²
- Total area 1,542 m²
- Yield 5.84%
- Lease term 2034
- Constructed 2009
Key project parameters
- Leasable area
- 1,377 m²
- Total area
- 1,542 m²
- Number of parking lots
- 60
- Floors
- 1
- Constructed
- 2009
Project description
Large chain pharmacy in New York State.
Description
The detached one-storey building with a leasable area of 1,377 m².
Extra information
Car parks
Tenants
- Agreement
- Yes
- End of lease
- 2034
The building is fully let. The tenant is the largest pharmacy chain in the United States with nearly 10,000 branches.
The lease was concluded until 2034 with extension options for the next 50 years.
NNN lease.
Financial performance
- Yield
- 5.84%
The annual income is 435,000 $.
The yield is 5.84%.
Transaction costs
The brokerage fee is 3%.
Location and nearby infrastructure
The property is located in New York State, in a town of approximately 15,000 inhabitants.
The building is located in a developed area of the city next to well-known chain supermarkets, shops, cafes and residential buildings.
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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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