1602 State Highway 37 Massena, NY 13662
- 1,989 Square Feet
- For Sale
We are pleased to offer to qualified investors an absolute NNN investment fully leased to Taco Bell in the city of Massena, NY. The property is located on approximately 1.00 acres of land and is positioned as an outparcel to the St. Lawrence Centre, which is a shopping mall managed by Carlyle Development Group. There are approximately 44 stores with 4 anchor tenants, totaling over 550,000 SF of GLA. Taco Bell has operated at this location since 1993. There are approximately 3.5 years remaining with 3 - 5 Year option periods. There are 10% rental increases each option. The current rent is $44,450 per annum, which is significantly below market rent. Moreover, annualized sales at this location average over $900,000 per year, representing a very healthy 4.9% rent-to-sales ratio.
Property Status: Available
Building Size: 1989 Square Feet
Area Available: 1,989 Square Feet