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1035 State St 11,786 SF Retail Building Schenectady, NY 12307 $1,375,000 ($116.66/SF) 8.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Lighted Corner Intersection
- Great Visibility Intersection
EXECUTIVE SUMMARY
Triple Net with Long Term Tenant , Aaron's Rents, leased through 2030 with option to renew. Attractive Capitalization Rate of 8.1%. Detailed information only with a qualified buyer with an NDA.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,786 SF
Building Class
B
Year Built
2000
Price
$1,375,000
Price Per SF
$116.66
Cap Rate
8.06%
NOI
$110,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.40 AC
Zoning
C-2 - Mixed use commercial.
Parking
50 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its many Company-operated and franchised stores in many states and Canada, as well as its e-commerce platform.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 049-042-0006-010-011-0000 | Improvements Assessment | $500,000 |
| Land Assessment | $500,000 | Total Assessment | $1,000,000 |
PROPERTY TAXES
Parcel Number
049-042-0006-010-011-0000
Land Assessment
$500,000
Improvements Assessment
$500,000
Total Assessment
$1,000,000
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1035 State St
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