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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31173937

2454 NY-414, Waterloo, NY 13165 For Sale

FC
NY 10491205822
Triple Net Brokers
Listed by Triple Net Brokers
$1,675,000
120 days on market
Updated 120 days ago

Verizon Wireless - Waterloo, NY

Details
Property Type Retail
Sub Type Cell Phone Store
Square Footage 2,264
Units 1
Cap Rate 6.14%
NOI $102,840
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless
Lease Type NNN
Lease Expiration 08/31/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 1 @ 5 years
Price per SqFt $740
Broker Co-Op Yes
Year Built 2015
Buildings 1
Stories 1
Acreage 0.750
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Retail | 6.14% CAP | 2,264 SqFt

Marketing description

Verizon Wireless (Cellular Sales)
245 4 State Route 414 · Waterloo, NY 13165 Discover the lucrative opportunity at this pristine property with a solid long-term tenant in place. Boasting a secure income stream with an Absolute NNN Lease, this single-tenant investment offers a hassle-free ownership experience with no landlord obligations. The property features a modern building constructed in 2015, encompassing approximately 2,264 SF on a spacious lot of around 0.75 acres. Situated adjacent to Walmart in a high-traffic retail corridor on US Route 414, this location guarantees visibility and accessibility for sustained foot traffic. The vicinity's strategic positioning near major retail attractions such as Waterloo Premium Outlets and the NYS Thruway I-90, Exit 41, emphasizes its immense investment potential. With the lease extending until August 31, 2031, and further bolstered by a 5-year renewal option, this opportunity promises steady rental growth for long-term income stability. Don't miss out on this prime investment in the vibrant Finger Lakes Corridor.

Investment highlights

Single Tenant Verizon Wireless For Sale

NNN Lease - No landlord obligation

Built in 2015

Verizon just exercised 1st Option Period

Pad Site to Walmart

Listing Contacts

FC
NY 10491205822
Triple Net Brokers
Listed by Triple Net Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$102,840.00
$8,570.00/mo

Valuation Metrics

0
DSCR
6.14%
Cap Rate
6.14%
ROI

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Property History

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