Triple-Net Bank
For Sale
Contact for pricing
602 Columbia Turnpike, East Greenbush, NY 12061
Berkshire Bank is the tenant under a triple-net lease with 6 years remaining and 4% annual increases.
Property SizeContact for details
Days on Market122
Property Features for 602 Columbia Turnpike
General Information
Standard status
Active
Property subtype
Retail, Office
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 7:18PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This for-sale property is secured by an original 20-year triple-net (NNN) lease. The lease term includes 6 years remaining, with 4.0% annual increases. Berkshire Bank provides a corporate guarantee.
Berkshire Bank operates 115 branches in the Northeast and has almost $12 billion in assets. The bank was established in 1846 and is described as one of Massachusetts’ oldest and largest independent banks, and the largest banking institution based in Western Massachusetts.
Additional property details beyond the lease structure and tenant information were not provided with this listing.
Berkshire Bank operates 115 branches in the Northeast and has almost $12 billion in assets. The bank was established in 1846 and is described as one of Massachusetts’ oldest and largest independent banks, and the largest banking institution based in Western Massachusetts.
Additional property details beyond the lease structure and tenant information were not provided with this listing.
Key Highlights
- Berkshire Bank is the tenant under an original 20‑year triple‑net (NNN) lease
- 6 years remaining on the lease term
- 4% annual increases built into the lease
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 36%
Shops & Services 18%
Electronics 2%
Hannaford
Groceries
31,224 visits/mo
0.0 miles
Starbucks
Dining
15,006 visits/mo
0.1 miles
Wendy's
Dining
14,126 visits/mo
0.1 miles
KeyBank
Shops & Services
2,906 visits/mo
0.2 miles
Visionworks
Shops & Services
2,871 visits/mo
0.2 miles
Demographics for 12061, NY
9,404
Population
4,144
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
468
Density / Sq Mi
$117,083
Median Household Income
$71,176
Median Earnings
$1,741
Median Rent
$311,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Berkshire Bank is the tenant under a triple-net lease with 6 years remaining and 4% annual increases.
Where is this nnn property located?
The property is located at 602 Columbia Turnpike East Greenbush, NY.
What are key features of this property?
This property features: Berkshire Bank is the tenant under an original 20‑year triple‑net (NNN) lease; 6 years remaining on the lease term; 4% annual increases built into the lease
