22 Freemans Brg Rd, Glenville, NY 12302-3604

This fee-simple investment opportunity presents a 5,978 square foot auto shop in Schenectady, NY, operating under a corporate-guaranteed Net Lease with Caliber Collision/Gerber Collision. The property, situated on a prominent 1.75-acre lot at 22 Freemans Bridge Rd (zip code 12302), boasts a strong 8.23% cap rate and a current NOI of $72,000. Built in 1985, the facility benefits from a high-traffic location with over 24,000 vehicles passing daily. The current lease, commencing January 15, 2018, and expiring June 14, 2028, offers a remaining term of approximately 3.6 years, with two 5-year options, each including a 4% rent increase. This provides a hedge against inflation and ensures long-term income potential. The tenant, backed by a corporate guarantee, offers significant financial stability. The property's location within a thriving commercial corridor, near major retailers like Lowe's, Subway, and Walmart, further enhances its investment appeal. This is a single-tenant, fee-simple ownership opportunity with minimal landlord responsibilities and strong tenant demand. The property is ideally suited for investors seeking a stable, low-management investment with significant upside potential. The lease is a Double Net (NN) lease.