53 The Circle
This offering features a prepaid lease, new ownership benefits from remaining rental income.
Marketing description
We’re thrilled to present an exclusive commercial property investment opportunity at 53 The Circle, East Hampton, currently home to the luxury retail brand Grey/Ven.
This offering features a prepaid lease arrangement, ensuring that new ownership benefits from the remaining secured rental income.
Investment Highlights:
Triple Net Lease (NNN):
A fully prepaid lease where the tenant covers all property expenses, including taxes, insurance, and maintenance, making this a hassle-free investment.
Prime East Hampton Location:
Strategically situated on Main Street in one of the most prestigious and affluent areas, ensuring exceptional visibility and high consumer traffic.
Financial Overview:
Annual Rent: $237,500
Net Operating Income: $237,500
Cap Rate: 6.5%
This property offers an ideal blend of income stability, minimal management responsibilities, and a presence in a high-demand market.
Investment highlights
Investment Highlights:
Triple Net Lease (NNN):
A fully prepaid lease where the tenant covers all property expenses, including taxes, insurance, and maintenance, making this a hassle-free investment.
Prime East Hampton Location:
Strategically situated on Main Street in one of the most prestigious and affluent areas, ensuring exceptional visibility and high consumer traffic.
Financial Overview:
Annual Rent: $237,500
Net Operating Income: $237,500
Cap Rate: 6.5%
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