1240 A Arsenal St - Freestanding FOR SALE
Watertown, NY 13601 |
$3,553,846 USD
480-339-4331
1240 A Arsenal St
Watertown, NY 13601
HIGHLIGHTS
- Strong NNN Lease | The site is subject to a triple net lease with the Landlord only being responsible for roof and structure.
- Strong Corporate Guarantee | Goodyear Tire & Rubber Company has over 570 company-owned stores nationwide.
- 20 Years of Renewal Options | There are 4, 5-year renewal options, providing a secure and long-term source of income.
- Attractive Rental Increases | The subject investment property features 10% rental increases every 5 years, hedging against inflation.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Goodyear located at 1240 Arsenal Street, Watertown, NY . The site consists of roughly 6,117 rentable square feet of building space on an estimated 0.72-acre parcel of land. This Goodyear is subject to a 15-year Triple Net (NNN) lease, which commenced 3/1/2017. The current annual rent is $231,000 and has scheduled increases of 10.00% Every 5 Years.
FOR SALE DETAILS
PRICE
$3,553,846 USD
PRICE/SF
$581 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Goodyear
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
NB
APN/PARCEL ID
221800-007-000-0002-101-000-0000
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480-339-4331
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480-339-4331
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