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Absolute NNN | Dental Sale-Leaseback | Vestal 301 N Main St 5,781 SF 100% Leased Office Building Vestal Township, NY 13850 $742,857 ($128.50/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 5 Year Absolute Net Lease
- Occupied by a well-established company with a history of success and industry leadership
- Strategically Located Along North Main Street, One of Vestal’s Primary Commercial Corridors With Strong Daily Traffic Counts
- Zero Landlord Responsibilities
- Attractive Annual 3% Rent Increases in Base Term and Options
- Positioned Near the Intersection of North Main Street and Major Local Roadways
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
5,781 SF
Building Class
B
Year Built/Renovated
1895/1990
Price
$742,857
Price Per SF
$128.50
Cap Rate
7%
NOI
$52,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,445 SF
Building FAR
0.09
Lot Size
1.50 AC
Zoning
C-2 - General Commercial
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PROPERTY TAXES
| Parcel Number | 034800-157-018-0001-002-000-0000 | Improvements Assessment | $196,500 |
| Land Assessment | $37,500 | Total Assessment | $234,000 |
PROPERTY TAXES
Parcel Number
034800-157-018-0001-002-000-0000
Land Assessment
$37,500
Improvements Assessment
$196,500
Total Assessment
$234,000
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Absolute NNN | Dental Sale-Leaseback | Vestal | 301 N Main St
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