Drugstore in New York, and long-term lease

Additional information is provided after the signing of an NDA

Drugstore in New York, and long-term lease

7,620,000 $
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Total area: 1,292 m² Yield: 5.2%
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Features
  • Operating Incomе: 356,000 €
  • Land area: 5,868 m²
  • 1-floor building
  • Occupancy: 100%

It is a freestanding single-storey drugstore investment in NYC.

Description

The total floor area is 1,292 m².

The plot of 5,868 m².

The property is in an excellent overall condition, repair is not required.

The drugstore is fully leased out to a major tenant.

Financial performance

Absolute income is 400,000 $.

The current yield of 5,2%.

Tenants

The anchor tenant is one of the major US drugstore chains.

The company operates about 8,000 drugstores in 50 states, offering a wide range of medical products.

NN lease contract was signed in 2015 for 15 years.

Most of the operating costs are borne by the tenant.

Location and nearby objects

The drugstore is locatedt at the intersection, the daily traffic exceeds 19,000 vechiles.

The university with 1,200 students and train station with passenger traffic up to 13,000 people are in the immediate vicinity of the area.

The district around the drugstore is densely populated, there are more than 85,000 people in 5 km radius. The purchasing power of 154,000 $.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
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