Citgo | 1255 Melville Rd
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Citgo 1255 Melville Rd
2,546 SF Retail Building Farmingdale, NY 11735 $3,652,168 CAD ($1,434 CAD/SF) 4.10% Cap Rate
Investment Highlights
- Absolute NNN lease structure
- Irreplaceable entitlements in a high barrier to entry market
- Prime location in Farmingdale
Executive Summary
Absolute Single Tenant Net Leased investment property for sale. 7-Eleven is responsible for all expenses related to the property including real estate taxes, insurance, and maintenance costs in addition to paying rent. The Landlord has no obligation regarding the properties operational costs. This investment property enjoys irreplaceable entitlements in a high barrier to entry market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,546 SF
Building Class
C
Year Built
2000
Price
$3,652,168 CAD
Price Per SF
$1,434 CAD
Cap Rate
4.10%
NOI
$149,739 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.69 AC
Zoning
E
Frontage
143 ft on Melville Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0100-032-00-01-00-020-000 | Improvements Assessment | $7,229 CAD |
| Land Assessment | $4,824 CAD | Total Assessment | $12,053 CAD |
PROPERTY TAXES
Parcel Number
0100-032-00-01-00-020-000
Land Assessment
$4,824 CAD
Improvements Assessment
$7,229 CAD
Total Assessment
$12,053 CAD
-
Aric Schachner -
CAMCO Commercial Real Estate
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Citgo | 1255 Melville Rd
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