NAPA Auto Parts NNN Property For Sale — Albany, NY
1193 Central Avenue, Albany, NY 12205
This absolute NNN NAPA Auto Parts property presents a compelling investment opportunity in Albany, NY. Situated on Central Avenue, the location benefits from high daily traffic counts and proximity to numerous automotive dealerships and national retailers, ensuring a consistent customer base. The site is also near two higher education institutions and offers convenient interstate highway access. The dense consumer base in the area further strengthens the investment appeal of this property.
- Address: 1193 Central Avenue, Albany, NY 12205
- Asking price $1.68M
- 6.50% cap rate
- NOI $108,930
- 6 years remaining
- NNN lease
- Year built: 2014
- Building size: 7,887 SF
- Lot size: 1.00 acres
- Rent increases: 3/1/2019 - 2/28/2024: $108,930 annual rent; 3/1/2024 - 8/31/2024: $117,099 annual rent (7.50% increase); 9/1/2024 - 2/28/2029 (Option 1): $117,099 annual rent; 3/1/2029 - 8/31/2029: $125,882 annual rent (7.50% increase); …
- Guarantor: Corporate
Location
This NAPA Auto Parts property is at 1193 Central Avenue in Albany, New York.
Asset type: Auto Parts Retail