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Napa 74 Pleasant St

19,976 SF 100% Leased Retail Building Monticello, NY 12701 £1,065,150 (£53/SF) 7.22% Net Initial Yield

Investment Highlights

  • High Traffic Business District
  • Well Established Existing Business

Executive Summary

Unbeatable Investment offering! Great tenant, Napa Auto and Truck Parts, with 10 years left on the lease (two 5 year options), annual increases, and has been there for 5 years. Building is well-maintained and in good condition with three-phase electric on .63 +/- acres. Plenty of paved parking, overhead door and full finished lower level with loading dock. Location is amazing in the heart of busy Monticello near Walmart, Home Depot, ShopRite, Old Navy, Marshalls, Rite Aid, food franchises, banks, gas stations, and more. Beer World is across the street. High traffic area and high visibility close to exit ramps for NYS Rt 17 / I-86. Also offered with two other stores if you are seeking an investment bundle. Tenants pay utilities, minor repairs, water and sewer and insurance on contents. Landlord pays taxes, building insurance and major repairs only. Cap rate on this one is 7%, the other two are at 9.7% and 10%!

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,976 SF
Building Class
C
Year Built
1980
Price
£1,065,150
Price Per SF
£53
Net Initial Yield
7.22%
NOI
£76,948
Percent Leased
100%
Number of Floors
1
Building FAR
0.73
Land Acres
0.63 AC
Opportunity Zone
Yes
Zoning
B1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4601-107-0-0003-033-000
Land Assessment
£38,819
Improvements Assessment
£296,506
Total Assessment
£335,325
  • Listing ID: 32505001

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 74 Pleasant St, Monticello, NY 12701

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