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- LoopNet Team
149 Wickham Ave
Middletown, NY 10940
149 Wickham Ave LLC · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signalized Intersection
- Air Conditioning
ABOUT 149 WICKHAM AVE , MIDDLETOWN, NY 10940
Owners have decided to sell this net lease investment building that has been leased to Middletown Pharmacy for the past 25+ years. Current 4 year lease extension commenced on April 1,2017 and is in effect until March 31, 20121 with two 4 year options. Monthly rent as of January 1, 2018 is $3,038.50 with 3% yearly increases (next increase effective on April1, 1017). Landlord responsibilities limited to maintaining roof, foundation, footings, air conditioning unit (replaced 2017), heating and plumbing. Tenant responsible for taxes, insurance, maintenance, utilities, water/sewer, etc. Current NOI with 10% landlord reserve deducted is $32,816/year. Offered at a 10% Cap. Located at signalized intersection. 16 off street parking spots. Business not for sale.
PROPERTY TAXES
| Parcel Number | 330900-017-000-0003-047.000-0000 | Improvements Assessment | $24,100 |
| Land Assessment | $10,200 | Total Assessment | $34,300 |
PROPERTY TAXES
