266 W Main St - Storefront FOR SALE
Malone, NY 12953 |
$496,551 USD
480-339-4331
266 W Main St
Malone, NY 12953
HIGHLIGHTS
- Bite Size Deal | The subject investment property is a low price point deal and low rent at $9/SF.
- Potential Upside | The tenant has no more options to renew, leaving flexibility to the new owner.
- Corporate Lease | Corporately Guaranteed Lease by the Largest Premium Verizon Retailer in the U.S. (Over 1,160 Locations).
- Excellent Frontage Along Highly Trafficked Thoroughfare | West Main Street brings over 25,000 vehicles daily to the subject property.
- Webster Manor Apartment Homes | The apartment complex with over 300 units is just one mile away from the subject property.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Verizon
located at 266 West Main Street, Malone, NY 12953. The site
consists of roughly 4,000 rentable square feet of building space
on an estimated 0.55-acre parcel of land. This Verizon is subject to
a 5-year Triple Net (NNN) lease, which commenced 10/11/2011.
The current annual rent is $36,000.
FOR SALE DETAILS
PRICE
$496,551 USD
PRICE/SF
$124 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Verizon
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
Cu
APN/PARCEL ID
164801-112-031-0005-004-000-0000
ASK ABOUT THIS PROPERTY
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480-339-4331
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480-339-4331
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