4796 Commercial Dr New Hartford, NY 13413
- Retail properties
- 500 SF
- 1.54 lot acres
Current Use by Public Records
- 7 Brew Coffee / Coffee Shop / Coffee Stand
Property Details for 4796 Commercial Dr
- Year built
- 2024
- Lot size
- 1.54 lot acres
- Property size
- 500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Hartford
- County
- Oneida
- State
- New York
- Longitude
- -75.3045
- Latitude
- 43.0954
