Hydrogen Fitness
Port Chester, NY
Key Details
| Price: | $6,461,538 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $420,000 |
| Address: | 11 Riverdale Avenue, Port Chester, New York 10573 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.70 Acres |
| Building Size: | 30,000 SF |
| Year Built: | 1946 |
NNN Pro is pleased to present the exclusive listing for a Hydrogen Fitness located at 11 Riverdale Avenue, Port Chester, New York 10573. The site consists of roughly 30000 rentable square feet of building space on an estimated 0.7-acre parcel of land. This Hydrogen Fitness is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $420,000 and has scheduled increases of 2.00% Annually.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease Signed at Closing
- Two Percent (2%) Annual Rental Increases
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
Key Details
| Price: | $6,461,538 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $420,000 |
| Address: | 11 Riverdale Avenue, Port Chester, New York 10573 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.70 Acres |
| Building Size: | 30,000 SF |
| Year Built: | 1946 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Robert Stein
rstein@nnnpro.com
License: NY: 10401341647
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.