It is a brand new commercial center in Staten Island, NYC.
The one-storey building with a total area of 515 m² was constructed in 2014.
The plot of 1,174 m².
The property is in good overall condition, no repair is needed.
The building is fully leased out to a major tenant.
Absolute income is 209,000 $.
The current yield of 4%.
Tenant is Bank of America, the top holding company in the United States with the largest assets.
The NNN lease agreement is signed for 20 years with the indexation of rental rates every 5 years.
All operating costs are borne by the tenant.
The property is located in the prime business area adjacent to other large tenants such as King Kullen Supermarket, Post Office, Commerce Bank, SI Savings Bank.
There is the metro station in the immediate vicinity of the area.