+44 20 3608 1267

Shopping center in New York state with a 6,5% yield

2,298,000 $
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Total area: 510 m² Yield: 6.5%
  • Absolute return: 140,408 €
  • Land area: 2,954 m²
  • 1-floor building
  • Percentage of the rented area: 100%

It is a shopping center, located in one of the towns in the east of New York state.

Description

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.

Financial performance

Absolute income is 149,371 $.

The current yield of 6,5%.

Tenants

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.

Location and nearby objects

supermarket-iconCreated with Sketch.
Supermarkets
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Schools
cafe-iconCreated with Sketch.
Cafe and restaurants
hospital-iconCreated with Sketch.
Hospitals
airport-iconCreated with Sketch.
Airports
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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in New York City
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