804 Loudon Rd Latham, NY 12110

Listing agency NAI Platform

Listed by Jay Verro, CCIM · License #NY 30VE0814140

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:13PM Checked: Jul 21 at 12:13PM

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Investment Insights

Based on property information with market context.

804–806 New Loudon Road is a ground-leased NNN bank investment property that has housed multiple banks since 1982. The original lease term is 95 years, with renewal options every five years scheduled through 2077.

The next five-year option period is set to begin on 04/01/2022. The property is positioned at one of the main entrances to the Shoppes at Latham Circle. Please contact the listing broker for additional details and do not bother the tenant.

Key Highlights

• 804‑806 New Loudon Road ground‑leased NNN bank property with long‑term lease and renewal options.
• Original 95‑year lease includes renewal options every 5 years through 2077.
• Next 5‑year renewal option period begins 04/01/2022.

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FAQs

What type of property is this?

Bank - Ground-leased NNN bank property with a long-term lease and renewal options every five years through 2077.

Where is this bank located?

The property is located at 804 Loudon Rd Latham, NY.

What are key features of this property?

This property features: 804‑806 New Loudon Road ground‑leased NNN bank property with long‑term lease and renewal options.; Original 95‑year lease includes renewal options every 5 years through 2077.; Next 5‑year renewal option period begins 04/01/2022.