4794-4796 Commercial Dr New Hartford, NY
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Two NNN leased properties with long-term tenants in New Hartford.
Type:RETAIL
Lot size:
1.51 Acres- Added:
- May 9, 2024
- Days on Market:
- 721
- Last Refresh:
- Apr 5 at 10:33 pm
Property Features for 4794-4796 Commercial Dr
General Information
- Standard status
- Active
- Lot size
- 1.51 Acres
- Property subtype
- RETAIL
Listing agent Brian P Donovan License ##10491202934
Listing office Donovan Real Estate Services (716) 998-2943
Listing date May 9, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Donovan Real Estate Services
Overview
NNN Leased Investment Opportunity
Two absolute NNN leased investment properties are available in New Hartford, NY. The tenants are 7 Brew Coffee and Take 5 Oil Change. 7 Brew Coffee recently signed a new 10-year lease with four 5-year options to extend, indicating a commitment to the location. The lease includes 10% rental increases every 5 years throughout the initial term and at the start of each option period. Take 5 Oil Change signed a new 15-year lease with four 5-year options to extend, also demonstrating commitment to the site. This lease also features 10% rental increases every 5 years through the initial term and at the beginning of each option period. The lease structure is designed to grow Net Operating Income and hedge against inflation. The leases are absolute NNN with zero landlord responsibilities, presenting a management-free investment opportunity for a passive investor.
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Places Nearby
- Raspberries Cafe — 4784 Commercial Dr, New Hartford, NY 13413
- Sweet Frog Frozen Yogurt — 8643 Clinton St, New Hartford, NY 13413
- Edible Arrangements — 8637 Clinton St, New Hartford, NY 13413
- Cafe Florentine — 8647 Clinton St, New Hartford, NY 13413
- Starbucks — 4759 Commercial Dr, New Hartford, NY 13413
Location Insight
- Map
- Local Demand
- City
- New Hartford
- County
- Oneida
- State
- New York
- Longitude
- -75.3047
- Latitude
- 43.095
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Two NNN leased properties with long-term tenants in New Hartford.
Where is this coffee shop located?
The property is located at 4794-4796 Commercial Dr New Hartford, NY.
What is the asking price?
The asking price for this property is $3,710,000.
What are key features of this property?
This property features: Absolute NNN leases with zero landlord responsibilities offer a management‑free, passive investment.; Both 7 Brew Coffee and Take 5 Oil Change have brand new long‑term leases (10 and 15 years respectively) demonstrating commitment to the location.; Lease structures for both tenants include 10% rental increases every 5 years, hedging against inflation and growing NOI.
