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Brand new shopping market in New York state with a 6,4% yield

1,468,000 $
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Total area: 845 m² Yield: 6.4%
  • Absolute return: 87,631 €
  • Land area: 7,964 m²
  • Built in 2015
  • 1-floor building
  • Renter: 100%
  • Development

It is a newly built shopping market, located in one of the small towns in the south of New York state.

Description

The one-storey building was constructed in 2015.

The total area is 845 m².

The plot of 7,964 m².

The property is fully leased out to a major company.

The shopping market is located near the road with over 12,000 cars per day driving past the site.

Financial performance

Absolute income is 93,225 $.

The current yield of 6,4%.

Tenants

Tenant is a Dollar General, one of the largest trading companies with 75 years of history.

Dollar General has more than 12,000 branches in 43 countries.

The annual turnover of the company exceeds $18 billion, staff consists of 109,000 employees.

The Triple Net Lease contract is signed for 15 years until 2030 with extension options for 4x5 years and 10% rental rate increase.

All operating and repair costs are borne by the lessee.

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Georgiy Buznik
Real Estate Expert Tranio in New York City
+44 20 3608 1267
Free advice on real estate in New York City
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