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Midas 779 Hoosick Rd 4,720 SF Retail Building Troy, NY 12180 $2,439,146 ($516.77/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Strong Retail & Automotive Corridor
- Affluent, Growing Trade Area
- Robust Unit - Level Performance
- Located Near Rensselaer Polytechnic Institute
- Tight, Supply - Constrained Retail Submarket
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 779 Hoosick Road, Troy, NY 12180. The site consists of roughly 4,720 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which commenced on September 1, 2026. The annual rent is $140,251 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,720 SF
Building Class
B
Year Built
1995
Price
$2,439,146
Price Per SF
$516.77
Cap Rate
5.75%
NOI
$140,251
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.68 AC
Frontage
37’ on Hoosick Rd
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2200-091-2-30 | Improvements Assessment | $136,000 |
| Land Assessment | $20,000 | Total Assessment | $156,000 |
Property Taxes
Parcel Number
2200-091-2-30
Land Assessment
$20,000
Improvements Assessment
$136,000
Total Assessment
$156,000
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