1119 Tulip Ave - Auto Repair FOR SALE


Franklin Square, NY 11010
$1,629,387 USD
332-345-4220
1119 Tulip Ave, Franklin Square, NY for Sale
$1,629,387 USD
Auto Repair - FOR SALE
1/2
null | 7% Cap Rate

1119 Tulip Ave
Franklin Square, NY 11010


HIGHLIGHTS

  • Long Term Lease with 3%+ Annual Increases
  • Strong Tenant Commitment to the Site
  • Affluent Community with High Population Density
  • Outstanding Retail Synergy

OVERVIEW

Surmount is pleased to present the exclusive listing for a Cathedral Service Station located at 1119 Tulip Ave, Franklin Square, NY 11010. The site consists of roughly 2,344 rentable square feet of building space on an estimated 0.25-acre parcel of land. This Cathedral Service Station is subject to a 7-year Double Net (NN) lease, which commenced 8/1/2013, and has been extended many times since commencement. The current annual rent is $114,057 and has scheduled increases of 3.00% annually until 7/31/2028, followed by 3.75% annual increases through the remainder of the term.

FOR SALE DETAILS

PRICE

$1,629,387 USD

PRICE/SF

$695 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cathedral Service Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

2089-33-370-00-0007-0

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.