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ACE Hardware 14 Boulevard Ave 6,750 SF Retail Building Catskill, NY 12414 $934,013 ($138.37/SF) 7.50% Cap Rate
Investment Highlights
- Long-Term Lease with over 7 Years Remaining
- 3% Annual Rent Increases
- Adjacent to Walmart Supercenter & Lowe’s
- 15-Year Tenant Operating History
Executive Summary
Surmount is pleased to present the exclusive listing for an Ace Hardware located at 14 Boulevard Ave, Catskill, NY 12414. The site consists of roughly 6,750 rentable square feet of building space on an estimated 0.52-acre parcel of land. This Ace Hardware is subject to a 10-year Double Net (NN) lease, which commenced 10/1/2023. The current annual rent is $70,051 and has scheduled increases of 3.00% annually.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,750 SF
Building Class
B
Year Built
1987
Price
$934,013
Price Per SF
$138.37
Cap Rate
7.50%
NOI
$70,051
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
05
Frontage
61’ on Boulevard Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 192601-171-008-0007-036-000-0000 | Improvements Assessment | $171,200 |
| Land Assessment | $24,300 | Total Assessment | $195,500 |
Property Taxes
Parcel Number
192601-171-008-0007-036-000-0000
Land Assessment
$24,300
Improvements Assessment
$171,200
Total Assessment
$195,500
Contacts
-
Anthony D'Ambrosia -
Josh Kanter -
Stewart Hickey -
Kevin Burke -
Christopher Marks -
Glen Kunofsky -
Surmount
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ACE Hardware | 14 Boulevard Ave
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