It is a car-care center located in Long Island, NYC.
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.
Absolute income is 187,200 $.
Projected income (after rent increase) is 215,280 $.
The current yield of 6%.
The projected yield of 6,9%.
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.