NNN Leased Investment
For Sale
Contact for pricing
4796 Commercial Dr, New Hartford, NY 13413
Two NNN leased investment properties in New Hartford, NY.
Property SizeContact for details
Days on Market646
Property Features for 4796 Commercial Dr
General Information
Standard status
Active
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$250,000
Building Details
Year Built
2024
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Pavia Real Estate
(585) 703-3888
Listed By:
Dominic Pavia · License #NY 49PA1151344
Source:
Crexi
Added: Nov 12, 2024
Changed: Aug 17
Last Checked: Aug 19 at 10:07AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
656k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 22%
Apparel 22%
Superstores 21%
Dining 19%
Walmart
Superstores
138,486 visits/mo
0.3 miles
T.J. Maxx
Apparel
53,452 visits/mo
0.3 miles
Five Below
Shops & Services
47,948 visits/mo
0.2 miles
Panera Bread
Dining
33,938 visits/mo
0.0 miles
Barnes & Noble
Shops & Services
33,527 visits/mo
0.0 miles
Demographics for 13413, NY
15,574
Population
7,537
Households
2.1
Avg Household Size
47
Median Age
49%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
807
Density / Sq Mi
$91,899
Median Household Income
$57,723
Median Earnings
$1,133
Median Rent
$218,900
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 - 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.
