4796 Commercial Dr New Hartford, NY 13413
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Two NNN leased investment properties in New Hartford, NY.
Type:Retail
- Added:
- Nov 12, 2024
- Days on Market:
- 510
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4796 Commercial Dr
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Dominic Pavia License #NY 49PA1151344
Listing office Pavia Real Estate (315) 736-1555
Listing date Nov 12, 2024
Source Crexi
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 Pavia Real Estate
Overview
NNN Leased Investment Properties
Two absolute NNN leased investment properties are available in New Hartford, NY, tenanted by 7 Brew Coffee and Take 5 Oil Change. 7 Brew has a new 10-year lease with four 5-year options, including 10% rental increases every 5 years. Take 5 Oil Change has a new 15-year lease with four 5-year options, also featuring 10% rental increases every 5 years. The leases are structured to grow Net Operating Income and hedge against inflation, with zero landlord responsibilities. The properties are located at the signalized entrance to New Hartford Consumer Square, a 500,000 square foot super regional power center 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. Situated in the New Hartford Commercial Drive retail corridor, the location 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 surrounding area within a 5-mile radius has over 100,000 residents, with a median household income of $91,473. The site sees almost 25,000 vehicles a day.
Location Intelligence
Current Use by Public Records
7 Brew Coffee
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- New Hartford
- County
- Oneida
- State
- New York
- Longitude
- -75.3047347
- Latitude
- 43.0950322
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Two NNN leased investment properties in New Hartford, NY.
Where is this nnn property located?
The property is located at 4796 Commercial Dr New Hartford, NY.
What is the asking price?
The asking price for this property is $3,571,500.
What are key features of this property?
This property features: Absolute NNN leases offer a completely passive, management‑free investment.; Brand new long‑term leases with 7 Brew Coffee (10 years) and Take 5 Oil Change (15 years).; Leases include 10% rental increases every 5 years, providing a hedge against inflation.
