Property details
New York Absolute NNN Investment For Sale, Northeast Region
Property Description
New York Absolute NNN Investment For Sale
Absolute NNN Lease with Zero Landlord responsibilities.
This property was originally built in 2004 as a hotel. It has since been converted to a transient center and leased to a non-profit company.
The non-profit has a yearly renewing contract with the County.
This is an excellent opportunity for an investor to obtain a favorable, passive return on an Absolute NNN Lease.
Lease is guaranteed by a Major NY County through yearly contracts.
Centrally located asset near all major roadways, airports and public transportation.
Major recent development projects surrounding the location add to a strong upside potential.
Buyer responsible for brokerage fees.
Images
Highlights
- Status:
- Available
- Price:
- $30,000,000
- PSF:
- $462
- Cap Rate:
- 9.70%
- Rent Increases:
- Inquire
Property Information
- Building Size:
- 65,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Government
- Units/Spaces:
- 1
- Year Built:
- 2004
- Land Area:
- 3.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- New York Absolute NNN Investment
- Lease Type:
- NNN
- Lease Commencement:
- 11/19/2017
- Lease Expiration:
- 11/19/2017
- Lease Remaining:
- 9.0 years
- Landlord Responsibilities:
- None - Absolute NNN
- Options:
- Two 10-year options
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.