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    1240 Arsenal St Watertown, NY 13601

    For Sale
    $3,666,666

    NNN leased retail property with corporate guarantee and renewal options.

    Property size:
    6,117 SF
    Lot size:
    0.72 Acres

    Property Features for 1240 Arsenal St

    General Information

    Size
    6,117 SF
    Lot size
    0.72 Acres

    Source: NNN Pro Group Agent Cassandra Mosser

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

    Overview

    Watertown Retail Property For Sale

    This property is subject to a triple net lease, with the landlord responsible for the roof and structure. The Goodyear Tire & Rubber Company, which has over 570 company-owned stores nationwide, provides a strong corporate guarantee. The lease includes four 5-year renewal options, offering a secure and long-term income stream. Attractive rental increases of 10% occur every 5 years, providing a hedge against inflation. The property contains 6,117 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Goodyear Auto Service Tire Shop

    Suggested Use

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

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

    Similar Places Nearby

    Timesaver Oil Change Inc, Midas, Monro Auto Service And Tire Centers, Goodyear Auto Service, Mr. Tire Auto Service Centers

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.943601
    Latitude
    43.9769354

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    FAQs

    What type of property is this?
    Auto shop - NNN leased retail property with corporate guarantee and renewal options.
    Where is this auto shop located?
    The property is located at 1240 Arsenal St Watertown, NY.
    What is the asking price?
    The asking price for this property is $3,666,666.
    What are key features of this property?
    This property features: - Strong NNN Lease (Landlord responsible for roof and structure only); - Strong Corporate Guarantee (Goodyear Tire & Rubber Company); - 20 Years of Renewal Options (4, 5-year terms)
    (332) 345-2408
    Request Owner's contact information
    1240 Arsenal St Watertown, NY 13601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 Arsenal St Watertown, NY 13601
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