It is a shopping center, located in one of the towns in the east of New York state.
The total area is 510 m².
The plot of 2,954 m².
The shopping center is located on major retail corridor surrounded by major retailers.
The property is fully leased to two major companies.
Absolute income is 149,371 $.
The current yield of 6,5%.
Tenants are Verizon Wireless and Metro Mattress.
The Triple Net Lease agreement with Verizon Wireless is signed until 2022 with an extension options for 2x5 years.
The rental rates will increase per 10% every 5 years for each tenant.
The lease agreement with Metro Mattress is signed until 2022 with an extension options for 2x5 years. The agreement will become NNN is 2017.