Saratoga National Bank | Absolute NNN | New York

1963 Altamont Avenue, Schenectady, NY

$1,250,000

Price

6%

Cap Rate

$75,000

NOI

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Street
Map
Overview
Cap Rate
6%
NOI
$75,000
Building Size
2,228 sqft
Lot Area
0.49 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2018
Price Per Sqft
$561.04
Tenancy
Single
Year Last Renovated
2018
Investment Strategy
Core
Lease Expire Year
05-27-2029
Highlights
  • Absolute NNN - Zero Landlord Responsibilities
  • Tenant Recently Spent Roughly $400,000 on Interior/Exterior Remodel and a Brand New Parking Lot
  • Pad to Price Chopper Grocery Store with New AutoZone Built in 2020 as Out Parcel
  • Combined Traffic Counts in Excess of 36,000 Vehicles Per Day
  • Saratoga National Bank & Trust Parent Company is Arrow Financial Corporation - Publicly Traded on Nasdaq (AROW)
Location
Gallery