Property details
Northeast Single Tenant Retail For Sale, Northeast Region
Property Description
Northeast Single Tenant Retail For Sale
Single Retail Tenant
S&P "BBB" Investment-Grade Rated
8.55% CAP
Established Northeast location
Opened for business in 2006 - newly constructed
Recent lease extension
Recognized national tenant
With 1,000's of stores
One of the largest retailers of top-quality products made by trusted manufacturers such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
Low Cost Per Square Foot
There are three 5-year options. Rent Increases $3,000 per option.
With a valuation under $ 71/SF, this investment opportunity is a great value. As construction costs increase the threat of new construction with resultant higher rental rates will never be a direct competitor with the subject property.
This is a Confidential, Deliverable Off-Market Property. The Actual location will be provided to qualified buyers. The State shown is representative only. Located in one of the following Northeastern States: Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington D.C.
Images
Highlights
- Status:
- Available
- Price:
- $635,000
- PSF:
- $71
- Cap Rate:
- 8.55%
Property Information
- Building Size:
- 9,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Northeast Single Tenant Retail
- Lease Type:
- NN
- Lease Commencement:
- 06/30/2016
- Lease Expiration:
- 01/31/2021
- Lease Term:
- 5 years
- Lease Remaining:
- -3.2 years
- Landlord Responsibilities:
- None
- Options:
- None
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.