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    4796 Commercial Dr New Hartford, NY 13413

    Sponsored
    For Sale
    $3,710,000

    Absolute NNN, High-Growth Potential

    Property size:
    500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two absolute NNN leased retail properties in New Hartford, NY, totaling 500-1720 square feet on a 1.54-acre lot. The portfolio features 7 Brew Coffee and Take 5 Oil Change, both situated at the signalized entrance to New Hartford Consumer Square, a major 500,000 square foot power center anchored by Walmart and surrounded by other national retailers including TJ Maxx, PetSmart, Best Buy, and more. This prime location benefits from high daily traffic exceeding 25,000 vehicles. Both tenants occupy newly constructed (2024) single-story buildings and have signed long-term leases. 7 Brew's lease is for 10 years with four 5-year options, while Take 5 Oil Change's lease spans 15 years with four 5-year options. Both leases include 10% rent increases every five years, providing built-in NOI growth and inflation protection. The absolute NNN structure ensures zero landlord responsibilities, making this an ideal passive investment. The portfolio boasts a 6.75% cap rate and a $250,000 net operating income (NOI). The asking price is $3,710,000. The strong tenant mix, prime location, and long-term leases with built-in rent increases make this a compelling investment opportunity in a thriving retail corridor serving a six-county region with a population exceeding 100,000 within a 5-mile radius and a median household income of $91,473. Leases commence June 24, 2024.

    Property Features for 4796 Commercial Dr

    General Information

    Property type
    Restaurants
    Square Feet
    500 SF
    Lot Size
    67,082 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • NNN Lease: Tenant responsible for all operating expenses (taxes, insurance, and maintenance).
    • Zero Landlord Responsibilities: Ideal passive investment.
    • Built‑in Rent Growth: Annual rent increases protect against inflation and boost net operating income (NOI).
    Property Profile Location Intelligence

    Current Use by Public Records

    7 Brew Coffee Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hartford
    County
    Oneida
    State
    New York
    Longitude
    -75.3045238
    Latitude
    43.0953798

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    FAQs

    What type of property is this?
    Restaurant - Absolute NNN, High-Growth Potential
    Where is this restaurant located?
    The property is located at 4796 Commercial Dr New Hartford, NY.
    What is the asking price?
    The asking price for this property is $3,710,000.
    What are key features of this property?
    This property features: NNN Lease: Tenant responsible for all operating expenses (taxes, insurance, and maintenance).; Zero Landlord Responsibilities: Ideal passive investment.; Built-in Rent Growth: Annual rent increases protect against inflation and boost net operating income (NOI).
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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
    4796 Commercial Dr New Hartford, NY 13413
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