Perfect money maker , great for 1031 TDE, NN+ net leased bldg
with 8.5% cap, national tenant!
TENANT: : DISH Network, ECHOSTAR Corp. (NASDAQ: SATS)
EchoStar Corporation is an American telecommunications company, specializing in satellite communication, wireless telecommunications, and internet services. Echostar also provides multichannel video programming and mobile services through its subsidiaries: Dish Network, Boost Mobile, Sling TV, EchoStar Mobile, and Hughes Network Systems. Originally establishing the Dish Network brand name in 1996, EchoStar later acquired Dish as a wholly owned subsidiary in 2023. EchoStar made its debut on the Fortune 500 list in 2024, ranking #242. Its main competitor is DirecTV, who failed to acquire Dish Network in 2024.
Asking price : $ 15,700,000
NOI Net Operating income :$ 1,335,769
CAP rate : 8.5%
Building size : 81,134 sf, Lot :5.7 acres
Location : Rosaland , New Jersey , USA
Built :1978/2014/2024
Tenant : DIRECT TV (TPG (NASDAQ: TPG)
(DISH Network LLC )( Satellite Tv / 5G network provider) , public company EchoStar Corp.))
Lease type : NN Double net lease, corporate guarantee
Renovation for $3,753,000 done by the tenant in 2024.
Lease term : New 5 years lease ending 2029 with two 5 years renewal options
Rent escalation 2% annually
CONTACT directly : melinda@tf-realty.com; 646-220-9330