6058 State Route 9 6,480 SF Retail Building Chestertown, NY 12817 $509,000 ($78.55/SF)

INVESTMENT HIGHLIGHTS

  • Part of portfolio
  • No other national auto parts in immediate area

EXECUTIVE SUMMARY

CORPORATE RUN NAPA SITE W/ ROOM TO EXPAND ON 1.48 ACRE SITE. POTENTIAL FOR EXISTING FRANCHISEE TO EXPAND PORTFOLIO W THESE LOCATIONS . ANOTHER SITE IS FOR SALE IN WARREN CTY [3949 MAIN ST, WARRENSBURG}. SELLER LOOKING TO EXPAND ON OTHER INVESTMENTS. RENEWAL OPTIONS IN PLACE. FINANCIALS AVAILABLE TO QUALIFIED BUYERS. SALE ON RE ONLY-NOT BUSINESS. $31K NOI

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,480 SF
Building Class
C
Year Built
2002
Price
$509,000
Price Per SF
$78.55
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.50 AC
Zoning
Commercial - Commercial use
Parking
30 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
151’ on State Route 9

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • -

In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: Improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Across the decades, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Today, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net -

PROPERTY TAXES

  • Listing ID: 33718536

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 6058 State Route 9, Chestertown, NY 12817