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Arby's Restaurant 306 State St 2,415 SF Retail Building Herkimer, NY 13350 $2,041,217 ($845.22/SF) 5.75% Cap Rate
Investment Highlights
- True Absolute NNN Lease
- Herkimer is the County Seat
- Approximately 11.5 Years Remaining on the lease
- Corporate Guaranteed
- High Performing Location - Low Rent to Sales
- Low Competition
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,415 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$2,041,217
Price Per SF
$845.22
Cap Rate
5.75%
NOI
$117,370
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.60 AC
Zoning
C2
Frontage
131’ on State St
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 213001-120-025-0002-064-100-0000 | Improvements Assessment | $354,300 |
| Land Assessment | $133,900 | Total Assessment | $488,200 |
Property Taxes
Parcel Number
213001-120-025-0002-064-100-0000
Land Assessment
$133,900
Improvements Assessment
$354,300
Total Assessment
$488,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Malchus Real Estate
Arby's Restaurant | 306 State St
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