74 Pleasant Street Ext Monticello, NY 12701
Profitable NNN lease with established tenant in prime location.
Property size:
19,976 SFLot size:
0.63 AcresProperty Features for 74 Pleasant Street Ext
General Information
- Standard status
- Pending
- Size
- 19,976 SF
- Lot size
- 0.63 Acres
Building Details
- Year built
- 1980
Source:
Exitrealty
Listing Agency: Malek Properties Listing Agent: Carol Malek
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Napa Auto Investment Opportunity
This commercial property presents an investment opportunity with a Napa Auto and Truck Parts tenant. The tenant has 10 years remaining on the lease, with two 5-year options, and annual increases. The tenant has occupied the location for 5 years. The building is well-maintained and in good condition, featuring three-phase electric and is situated on approximately 0.63 acres. The property includes ample paved parking, an overhead door, and a full finished lower level with a loading dock. Located in the heart of Monticello, the property benefits from high traffic and visibility, with proximity to NYS Rt 17 / I-86 exit ramps. Nearby retailers include Walmart, Home Depot, ShopRite, Old Navy, Marshalls, and Rite Aid, along with food franchises, banks, and gas stations. Beer World is located across the street. The tenants are responsible for utilities, minor repairs, water and sewer, and insurance on contents. The landlord is responsible for taxes, building insurance, and major repairs only. The property has a 7% cap rate. The building is heated by oil above ground.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
Walmart Auto Care Centers, Broadway Auto Service, Pavese Service Station, G & C Auto Repair Shop, Monticello Auto Repair
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Sullivan
- State
- New York
- Longitude
- -74.67932
- Latitude
- 41.660475
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Profitable NNN lease with established tenant in prime location.
Where is this auto shop located?
The property is located at 74 Pleasant Street Ext Monticello, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: - Tenant: Napa Auto and Truck Parts with 10 years remaining on the lease and two 5-year options.; - High-traffic, high-visibility location in the heart of Monticello near major retailers and close to NYS Rt 17 / I-86 exit ramps.; - **7% Cap Rate** (other bundled properties available at 9.7% and 10%).
