Auto Service in New York

3,120,000 $
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Total area: 520 m² Yield: 6.0%
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Features
  • Absolute return: 173,534 €
  • Land area: 4,000 m²
  • 1-floor building
  • Percentage of the rented area: 100%

It is a car-care center located in Long Island, NYC.

Description

The total area of single-storey building is 520 m².

The plot of 4,000 m².

The property is fully leased out to a major company.

Financial performance

Absolute income is 187,200 $.

Projected income (after rent increase) is 215,280 $.

The current yield of 6%.

The projected yield of 6,9%.

Tenants

Tenant is The Goodyear Tire & Rubber Company — one of the world's leading tire manufacturers.

The company manufactures tires in more than 22 countries, including the United States, and operates more than 1,200 auto services.

The company employs 69,000 associates and has annual net income for 2013 amounted to $ 600 million.

Double Net Lease agreement is signed until 2023.

Rental rate will be increased by 15% in 2018.

Location and nearby objects

supermarket-icon
Supermarkets
school-icon
Schools
cafe-icon
Cafe and restaurants
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Hospitals
airport-icon
Airports
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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
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