Property details

Long Island, NY NNN Convenience For Sale, Northeast Region

Property Description

Long Island, NY NNN Convenience For Sale

Rare Opportunity.

Currently under construction

Rent will commence by October 15, 2019

New 20-Year Triple Net (NNN) Lease With Increases.

Very well-located.

40,000+ vehicles pass by this location daily.

Instantly recognizable Regional Convenience / Gas Tenant.

This is an off-market, confidential offering.

The developer has asked us to keep the name confidential until such time as a qualified buyer has immediate interest.

Very good demographics.

Starting Rent: $425,000

Nice increases every 5 years (inquire)



Net Lease Properties For Sale



About the Tenant

Instantly recognizable Regional Convenience / Gas Tenant

Images

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Highlights

Status:
Available
Price:
$8,500,000
Cap Rate:
5.00%
Rent Increases:
Yes. Inquire
 

Property Information

Property Type:
Net Lease
Industry Type:
Convenience Store - Gas
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Inquire
Lease Type:
NNN
Lease Commencement:
10/01/2019
Lease Expiration:
10/31/2039
Lease Term:
20 years
Lease Remaining:
20.3 years
Landlord Responsibilities:
None. Triple Net (NNN)
Options:
Yes. Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.