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4794-4796 Commercial Dr New Hartford, NY 13413

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For Sale
$3,710,000

Two NNN leased properties with long-term tenants in New Hartford.

Lot size:
1.51 Acres

Property Features for 4794-4796 Commercial Dr

General Information

Lot size
1.51 Acres

Source: Donovan Real Estate Services Agent Brian P Donovan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Raspberries Cafe, Sweet Frog Frozen Yogurt, Edible Arrangements, Cafe Florentine, Starbucks

Location Insight

  • Map
  • Local Demand
City
New Hartford
County
Oneida
State
New York
Longitude
-75.3047347
Latitude
43.0950322

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.
More about this property
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