4796 Commercial DrNew Hartford, NY 13413

Property Details for 4796 Commercial Dr

Year built

2024

Lot size

1.54 AC

Property size (Sq ft)

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.

Location Insight

City

New Hartford

County

Oneida

State

New York

Latitude

43.0954

Longitude

-75.3045

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].