154 Ml St, Liberty, NY 12754-2011

Property Details for 154 Ml St

Year built

1940

Lot size

0.68 lot acres

Zone code

C

Property type

Auto shops

APN

483601 115.-1-16

APU

483601115116

Description

This exceptional investment opportunity presents a portfolio of three retail buildings, strategically located across Sullivan County, New York. The portfolio features a long-term, triple-net lease with Napa Auto and Truck Parts as the anchor tenant. This established tenant occupies all three properties under a 5-year lease with two additional 5-year options, ensuring consistent rental income and predictable cash flow. Annual rent increases are built into the lease agreement, providing further protection against inflation. The portfolio boasts an impressive 8.9% capitalization rate across all three properties. The Liberty location, situated at 154 Mill Street, sits on a substantial 4.4-acre lot. This building is undergoing a complete roof replacement this summer, demonstrating a commitment to property maintenance. The landlord is responsible for major repairs, property taxes, and building insurance, minimizing the investor's operational burden. Tenants are responsible for minor repairs, water and sewer, utilities, and contents insurance. This turnkey investment offers a compelling combination of strong tenant occupancy, long-term lease security, and a high return on investment, making it an ideal addition to any diversified portfolio. Detailed information on individual property listings is available upon request. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a growing market.

Location Insight

City

Liberty

County

Sullivan

State

New York

Longitude

-74.7371

Latitude

41.7946

Property Tax & Assessments