Citgo | 1255 Melville Rd
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Citgo 1255 Melville Rd
2,546 SF Retail Building Farmingdale, NY 11735 £2,034,370 (£799/SF) 4.10% Net Initial Yield
Investment Highlights
- Absolute NNN lease structure
- Irreplaceable entitlements in a high barrier to entry market
- Prime location in Farmingdale
Executive Summary
Absolute Single Tenant Net Leased investment property for sale. 7-Eleven is responsible for all expenses related to the property including real estate taxes, insurance, and maintenance costs in addition to paying rent. The Landlord has no obligation regarding the properties operational costs. This investment property enjoys irreplaceable entitlements in a high barrier to entry market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,546 SF
Building Class
C
Year Built
2000
Price
£2,034,370
Price Per SF
£799
Net Initial Yield
4.10%
NOI
£83,409
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.69 AC
Zoning
E
Frontage
143 ft on Melville Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0100-032-00-01-00-020-000 | Improvements Assessment | £4,022 |
| Land Assessment | £2,684 | Total Assessment | £6,706 |
PROPERTY TAXES
Parcel Number
0100-032-00-01-00-020-000
Land Assessment
£2,684
Improvements Assessment
£4,022
Total Assessment
£6,706
-
Aric Schachner -
CAMCO Commercial Real Estate
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Citgo | 1255 Melville Rd
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