14 Boulevard Ave - Freestanding FOR SALE


Catskill, NY 12414
$934,013 USD
203-887-8797
14 Boulevard Ave, Catskill, NY for Sale
$934,013 USD
Freestanding - FOR SALE
1/3
null | 7.5% Cap Rate

14 Boulevard Ave
Catskill, NY 12414


HIGHLIGHTS

  • Long-Term Lease with over 7 Years Remaining
  • Adjacent to Walmart Supercenter & Lowe’s
  • 3% Annual Rent Increases
  • 15-Year Tenant Operating History

OVERVIEW

Surmount is pleased to present the exclusive listing for an Ace Hardware located at 14 Boulevard Ave, Catskill, NY 12414. The site consists of roughly 6,750 rentable square feet of building space on an estimated 0.52-acre parcel of land. This Ace Hardware is subject to a 10-year Double Net (NN) lease, which commenced 10/1/2023. The current annual rent is $70,051 and has scheduled increases of 3.00% annually.

FOR SALE DETAILS

PRICE

$934,013 USD

PRICE/SF

$104 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ACE Hardware

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

05

APN/PARCEL ID

192601-171-008-0007-036-000-0000

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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