For Sale
$2,775,000

154 Mill StLiberty, NY 12754

NAPA-Leased, High-Cap Rate Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a portfolio of three retail buildings totaling 3 units, strategically located in Liberty, Monticello, and Jeffersonville, New York. The portfolio is anchored by a NAPA Auto and Truck Parts tenant, enjoying 100% occupancy under a single, long-term lease with five years remaining and two additional five-year options, featuring annual rent increases. The combined portfolio boasts a strong 8.92% capitalization rate and a substantial net operating income (NOI) of $247,541. Each building is situated in a high-traffic commercial zone, ensuring consistent revenue generation. The seller is responsible for major repairs, property taxes, and building insurance, while the tenant covers minor repairs, water/sewer, utilities, and contents insurance. A new roof is scheduled for installation on the Liberty building this summer. The asking price for this turnkey investment is $2,775,000. This represents a rare opportunity to acquire a stable, high-performing retail portfolio with significant upside potential. The properties are zoned for commercial use. Detailed information on individual property listings is available upon request. This is a for-sale-by-owner offering.

Highlights

  • $2,775,000 asking price for a retail portfolio.
  • Three-building portfolio with a single tenant, NAPA Auto and Truck Parts.
  • 5-year lease remaining with two 5-year options and annual rent increases.
  • 8.92% cap rate.
  • 100% occupancy, generating a net operating income (NOI) of $247,541.
  • Located in Liberty, NY (Sullivan County), at 154 Mill St, 12754.

Property Details for 154 Mill St

Property type
Lifestyle centers, Power centers
Buildings
3
Units
3

Location Insight

City
Liberty
County
Sullivan
State
New York
Latitude
41.794872786823
Longitude
-74.736773526291
154 Mill St, Liberty, New York

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154 Mill St
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