+44 20 3608 1267

Shopping Center in Great Neck with a 5,6% yield

11,834,000 €
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Total area: 2,415 m² Yield: 5.6%
  • Absolute return: 623,000 €
  • Land area: 3,500 m²
  • Built in 1984
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 66

It is large shopping center investment in Great Neck, NYC.

Description

The total area of a single-storey building is 2,415 m².

The plot of 3,500 m².

There is a parking for 66 spaces.

The property is fully leased to seven tenants.

Financial performance

Absolute income is 700,000 $.

The current yield of 5,6%.

Tenants

The anchor tenant is a national company FedEx providing postal, courier and other logistics services worldwide.

The company's annual turnover exceeds $39 billion.

The other tenants are retailers.

Separate Meter – each tenant pays their own expenses.

Transaction costs

The shopping center is located on the major busy corridor which connects Great Neck, Manhasset, and Port Washington.

It is surrounded by professional office buildings.

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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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