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)
About the Tenant
Instantly recognizable Regional Convenience / Gas Tenant
Images
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:
- 14.9 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.