4796 Commercial Dr

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Address: 4796 Commercial Dr, New Hartford, NY 13413, USA

New York & Tri-State + Land/Development

Created date: November 12, 2024

Date last updated: November 27, 2024

Tenant pays utilities, taxes, and maintains all aspects of the premises
No landlord responsibilities
Rent increases to grow NOI and hedge against inflation
Ideal, management-free investment for a passive investor

Property Description

Donovan Real Estate Services and Pavia Real Estate Services are pleased to offer the opportunity to acquire two absolute NNN leased investment properties located in New Hartford, NY. The tenants are 7 Brew Coffee and Take 5 Oil Change. 7 Brew recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years through the initial term, and at the beginning of each option period. Take 5 Oil Change signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years through the initial term, and at the beginning of each option period. The tenants have a lease structure that grows NOI and hedges against inflation. The leases are absolute NNN with zero landlord responsibilities, making it an ideal, management free investment opportunity for a passive investor.