Shopping center in New York state

2,298,000 $
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Total area: 510 m² Yield: 6.5%
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Features
  • 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-icon
Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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More properties

If this property wasn’t for you, take a look at other retail space for sale in USA.

You can see more retail space for sale in New York City elsewhere on our website.

Enquire about this shop
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services