ACE Hardware
Retail | 7.50% CAP | 6,750 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for an Ace Hardware located at 14 Boulevard Ave, Catskill, NY 12414. The site consists of roughly 6,750 rentable square feet of building space on an estimated 0.52-acre parcel of land. This Ace Hardware is subject to a 10-year Double Net (NN) lease, which commenced 10/1/2023. The current annual rent is $70,051 and has scheduled increases of 3.00% annually.
Investment highlights
Long-Term Lease with over 7 Years Remaining | This Young’s General Store & Ace Hardware property is subject to a long term lease with over 7 years remaining and minimal landlord responsibilities.
Adjacent to Walmart Supercenter & Lowe’s | This property sits directly across the street from a Walmart Supercenter and Lowe’s which are both major traffic drivers for the surrounding area providing excellent visibility for the site.
3% Annual Rent Increases | Young’s General Store & Ace Hardware is subject to 3% annual rent increases providing a strong hedge against inflation.
15-Year Tenant Operating History | Youngs Ace & Pet Supply has been operating at this location since 2011, highlighting their commitment to this location.
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