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Off market
  • $118,000

    250 E State St, Herkimer, NY 13350

    --beds
    --baths
    --sqft
    SingleFamily
    Built in ----
    -- sqft lot
    $118,000 Zestimate®
    $--/sqft
    $1,899 Estimated rent

    What's special

    H.AZIZIAN >> 347-836-2542 << N.Y.R.N. .OUT OF TOWN INVESTMENT PROPERTIES FOR SALE 10 Properties for Sale prefer to sell as a package deal (with discount given), or you can also buy separately. All of properties have been well maintained and the buildings are in good condition. The following is the summary. National chain stores giving the first ten years lease and then follow with option to renew for 5 years per term. 1)NATIONAL NAME BRAND ,(UNDER CONTRACT ) Baton Rouge, Louisiana. $990,000 / 6.8%cap rate Lease Structure: Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and 20 years option periods with 4, 5-Year Options to Renew NET OPERATING INCOME: $66,960 2) MEDICAL CENTER. Pauls Valley, OK $1,500,000. Reduced to $1,300,000 for quick sale / $9754.85 x 12=$1170582 9% cap Lease term of 15 years plus two 5 year renewals starting on Nov 1, 2006 - to 2021 Nov+10 years for renew ), a NYSE company; with 3% increases per year with 3% increases per year, which is very rare in National Chain store lease.. Tenant pays rent, tax, insurance, and part of maintenance fee of HVAC. 3) RESTAURANT: Herkimer, NY Sale price: $850,000; Reduced to $750,000. (selling at a Capital Loss) This NNN property is located in a busy, thriving commercial area of Herkimer, NY. Many nationally recognized companies are located nearby: McDonald's, Rite Aide, Dollar General, etc. By Dec 2014, The ideal buyer is a current or aspiring restaurateur owner, or a buyer who wants to buy for investment in a location surrendered by all well-known national chain store shopping center with low price. 4) NATIONAL BRAND NAME. Franklinville, NY PRICE REDUCED to $550,000. 6% cap Plus 5% additional rent (selling at a Capital loss) A big piece of land with just renewed lease rent and Plus with 5% sales as additional rent. SALE price REDUCED from cost of $800,000 to $550,000. 5)NATIONAL BRAND NAME .Liberty, NY Sale price: $720,000 8.84% cap This property has two pieces of land with a two story building, in a very well-trafficked street mall) & a big piece of land as a driveway and parking lot. Rent $5,271.75 monthly; Yearly rent $63,261. Tenant also pays Percentage Rent. Tenant just renewed with 10 years, plus two of 5 years term for renew. With recent renovation of new roof, two new HVAC, Parking lot, etc. This property almost a NNN, owner has easy maintenance. TOTAL PRICE: $3,419,000 PRINCIPALS ONLY. PROOF OD FUNDS, LETTER OF INTEND, CONFIDENTIALITY AGREEMENT & BROKER COMPENSATION ARE REQUIRED..ABSOLUTELY NO BROKER PARTICIPATION

    Facts & features

    Interior

    Features
    • Has fireplace: No

    Construction

    Type & style
    • Home type: SingleFamily

    Community & neighborhood

    Location
    • Region: Herkimer
    Services availability