Apple Bank - Net Lease Property for Sale
Babylon, NY
Key Investment Metrics
Price
$3,257,000
Cap Rate
5.2%
Net Operating Income
$170,500
Building Size
3845 SF
Lot Size
3,845 SF
Land Area
0.69 Acres
Remaining Term
9.8 years
Lease Expiration
05/05/2036
Lease Term
15 years
Lease Commencement
05/05/2021
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 4 Years on Primary Term
About This Apple Bank Net Lease Property
This Apple Bank NNN (triple net lease) property is located in Babylon, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 3845 square feet of building space and was built in 2003.
With a cap rate of 5.2%, this Apple Bank net lease property offers stable income potential. The asking price is $3,257,000, making it an attractive option for 1031 exchange investors seeking quality Apple Bank commercial properties.
Why Invest in Apple Bank NNN Properties?
- Stable Income: Apple Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Apple Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Babylon, NY Market Overview
Located in Babylon, NY, this Apple Bank property benefits from strong local demographics and market fundamentals. The Babylon area offers excellent visibility and accessibility, making it an ideal location for Apple Bank operations and a solid investment for net lease property buyers.