Description
Unbeatable Investment offering! Great tenant, Napa Auto and Truck Parts, with 10 years left on the lease (two 5 year options), annual increases, and has been there for 5 years. Building is well-maintained and in good condition with three-phase electric on .63 +/- acres. Plenty of paved parking, overhead door and full finished lower level with loading dock. Location is amazing in the heart of busy Monticello near Walmart, Home Depot, ShopRite, Old Navy, Marshalls, Rite Aid, food franchises, banks, gas stations, and more. Beer World is across the street. High traffic area and high visibility close to exit ramps for NYS Rt 17 / I-86. Also offered with two other stores if you are seeking an investment bundle. Tenants pay utilities, minor repairs, water and sewer and insurance on contents. Landlord pays taxes, building insurance and major repairs only. Cap rate on this one is 7%, the other two are at 9.7% and 10%!
More Property Details
Lot Size: 0.63
Parking Spaces: Yes
Parking Facilities: Parking Lot
Heat: Forced Air, Oil
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $27,535
School District: Monticello