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Goodyear 1240 A Arsenal St

6,117 SF Retail Building Watertown, NY 13601 $5,264,929 CAD ($860.70 CAD/SF) 6.30% Cap Rate

Retail Buildings New York Watertown 1240 A Arsenal St, Watertown, NY 13601

INVESTMENT HIGHLIGHTS

  • Strong NNN Lease | The site is subject to a triple net lease with the Landlord only being responsible for roof and structure.
  • 20 Years of Renewal Options | There are 4, 5-year renewal options, providing a secure and long-term source of income.
  • Strong Corporate Guarantee | Goodyear Tire & Rubber Company has over 570 company-owned stores nationwide.
  • Attractive Rental Increases | The subject investment property features 10% rental increases every 5 years, hedging against inflation.

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Goodyear located at 1240 Arsenal Street, Watertown, NY . The site consists of roughly 6,117 rentable square feet of building space on an estimated 0.72-acre parcel of land. This Goodyear is subject to a 15-year Triple Net (NNN) lease, which commenced 3/1/2017. The current annual rent is $231,000 and has scheduled increases of 10.00% Every 5 Years.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,117 SF
Building Class
B
Year Built
2016
Price
$5,264,929 CAD
Price Per SF
$860.70 CAD
Cap Rate
6.30%
NOI
$331,691 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
NB - New Business
Frontage
103’ on Arsenal St

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
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Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Community Bank
KeyBank
Ymca
Tim Hortons

PROPERTY TAXES

Parcel Number 221800-007-000-0002-101-000-0000 Improvements Assessment $733,883 CAD
Land Assessment $100,512 CAD Total Assessment $834,396 CAD

PROPERTY TAXES

Parcel Number
221800-007-000-0002-101-000-0000
Land Assessment
$100,512 CAD
Improvements Assessment
$733,883 CAD
Total Assessment
$834,396 CAD
(480) 339-4331

CONTACTS

  • Listing ID: 33583205

  • Date on Market: 2024-10-21

  • Last Updated:

  • Address: 1240 A Arsenal St, Watertown, NY 13601

The Retail Property at 1240 A Arsenal St, Watertown, NY 13601 is currently available for sale. Contact NNN Pro Group for more information.

NEARBY LISTINGS

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1240 A Arsenal St, Watertown, NY for sale Building Photo- Image 1 of 3
1240 Arsenal Street - Watertown, NY - Main
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Goodyear | 1240 A Arsenal St
(480) 339-4331 x

Goodyear | 1240 A Arsenal St

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Cassandra Mosser

(480) 339-4331

(480) 339-4331

Glen Kunofsky

(332) 345-4222

(332) 345-4222

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