4796 Commercial Dr - Commercial LAND FOR SALE


New Hartford, NY 13413 67,082 SF
$3,710,000 USD
315-736-1555
4796 Commercial Dr, New Hartford, NY for Sale
$3,710,000 USD
Commercial LAND - FOR SALE
1/9
67,082 SF

4796 Commercial Dr
New Hartford, NY 13413


HIGHLIGHTS

  • Tenant pays utilities, taxes, and maintains all aspects of the premises
  • No landlord responsibilities
  • Ideal, management-free investment for a passive investor

OVERVIEW

Pavia Real Estate Services and Donovan Real Estate Services are pleased to offer the opportunity to acquire two absolute NNN leased investment properties located in New Hartford, NY. The tenants are 7 Brew Coffee and Take 5 Oil Change. 7 Brew recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years through the initial term, and at the beginning of each option period. Take 5 Oil Change signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years through the initial term, and at the beginning of each option period. The tenants have a lease structure that grows NOI and hedges against inflation. The leases are absolute NNN with zero landlord responsibilities, making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,710,000 USD

PRICE/ACRE

$2,409,105/AC

PRICE/SF

$55 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

1.54 AC

LAND SF

67,082 SF

OFFSITE IMPROVEMENTS

-

ZONING

Retail Business

APN/PARCEL ID

304889 317.013-3-18.3

ASK ABOUT THIS PROPERTY

Dominic PaviaDonovan Real Estate ServicesMore Info
315-736-1555

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Dominic PaviaDonovan Real Estate ServicesMore Info
315-736-1555

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