Overview
New Hartford Investment Properties
Two absolute NNN leased investment properties are available in New Hartford, NY. One tenant is 7 Brew Coffee, which recently signed a new 10-year lease with options to extend, featuring rental increases every 5 years. The other tenant is Take 5 Oil Change, which signed a new 15-year lease with options to extend, also featuring rental increases every 5 years. The leases are structured to grow net operating income and hedge against inflation, with zero landlord responsibilities, making this an ideal, management-free investment opportunity. The tenants pay utilities, taxes, and maintain all aspects of the premises. The properties are located at the signalized entrance to New Hartford Consumer Square, a 500,000 square foot super regional power center with almost 25,000 vehicles a day. Anchored by Walmart, other national tenants in the center include TJ Maxx, PetSmart, Barnes & Noble, Best Buy, Five Below, Sierra, Michaels, Chipotle, Starbucks, Applebee’s, and Jersey Mike’s. The investment properties are located in the New Hartford Commercial Drive retail corridor, which serves a six-county region. Nearby national tenants include ALDI, Lowe’s, Kohls, At Home, Hobby Lobby, Hannaford grocery, Market 32 grocery, Party City, Planet Fitness, and Target. The 5-mile radius has over 100,000 people, with a median household income of $91,473.
