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32747811

North Main Street, Vestal, NY 13850 For Sale

SR
NY 10991231395, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners
$828,571
61 days on market
Updated 61 days ago

Hudson Dental | 10 Yr Abs Net

Details
Property Type Retail, Office
Sub Type Medical Office, Dental office
Square Footage 5,781
Cap Rate 7%
NOI $58,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Lease Options 2X 5 YEAR
Price per SqFt $143
Broker Co-Op True
Year Built 1895
Year Renovated 1990
Buildings 1
Stories 2
Acreage 1.500
Zoning COMMERCIAL
Investment Type Sale/Leaseback
Ground Lease No
Ownership FEE SIMPLE

Absolute NNN | Dental Sale-Leaseback | Vestal, NY

Investment highlights

PROPERTY HIGHLIGHTS

• 10 Year Absolute Net Lease

• Zero Landlord Responsibilities

• Occupied by a well-established company with a history of success and industry leadership

• Attractive Annual 3% Rent Increases in Base Term and Options

• Essential Use Medical Tenant that is Resilient through Economic Cycles

• 5,781 SF, Two Story Building Positioned on 1.5 Acres with Excellent Visibility and Access

• Vestal benefits from strong local demographics, steady population growth, and proximity to major employment hubs like Binghamton University and UHS Hospitals—driving long-term tenant demand and market stability

• Situated on N. Main Street with convenient access to NY-17 and I-81, the property offers strong visibility and seamless connectivity throughout the Binghamton-Vestal region and Greater Southern Tier of New York.

• 100% Bonus Depreciation Available. Consult Cost Segregation Advisor for More Information. Recommendations Available

LOCATION HIGHLIGHTS

• Strategically Located Along North Main Street, One of Vestal’s Primary Commercial Corridors With Strong Daily Traffic Counts

• Positioned Near the Intersection of North Main Street and Major Local Roadways, Providing Convenient Access Throughout the Greater Binghamton Area

• Located Less Than 10 Minutes From Downtown Binghamton, Offering Connectivity to a Broader Regional Employment and Healthcare Base

• Immediate Proximity to SUNY Binghamton, a Major Economic and Population Driver Supporting Consistent Daytime and Residential Demand

• Surrounded by a Dense Mix of Residential Neighborhoods, Retail Centers, Medical Offices, and Service-Oriented Businesses

• Close to Major Retailers Including Wegmans, Target, Lowe’s, and National Restaurant Concepts That Drive Sustained Area Traffic

• Easy Access to Route 17 (Future I-86) and Route 434 Supports Regional Mobility and Convenient Commuter Access

• Vestal Benefits From a Stable Local Economy Anchored by Education, Healthcare, and Professional Services Employment

Listing Contacts

SR
NY 10991231395, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,000.00
$4,833.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Scott Reid
License
10991231395
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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