Aubuchon Hardware
Gouverneur, NY
Key Details
| Price: | $753,050 |
|---|---|
| Cap Rate: | 10.00% |
| Annual Rent: | $75,305 |
| Address: | 32 Clinton Street, Gouverneur, New York 13642 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 28 Years |
|---|---|
| Lease Commencement: | 1/1/1998 |
| Lease Expiration: | 12/31/2025 |
| Lease Term Remaining: | 1.1 Years |
| Rental Increases: | Lesser of CPI or 2% Annual |
| Lot Size: | 0.38 Acres |
| Building Size: | 12,450 SF |
| Year Built: | 1970 |
NNN Pro is pleased to present the exclusive listing for an Aubuchon Hardware
located at 32 Clinton Street in Gouverneur, NY. The property consists of roughly
12,450 rentable square feet of building space on estimated 0.38-acre parcel of land.
This Aubuchon Hardware is subject to a recent five-year lease extension with
approximately one year of lease term remaining. The current annual rent is $75,305
and is scheduled to increase by 2% annually throughout each of the three, five-year
renewal options.
About the Investment
- Landlord Responsible for Roof & Structure | New Roof as of 2018
- Extremely Low Rent of $6.00/SF
- Corporate Guaranty
- Attractive Rental Increases! | 2% Annually in Each of the Three (3), Five (5)-Year Renewal Options
- Aubuchon Hardware has Operated Here Since 1998 | Tenant has Exercised Multiple Renewal Options
About the Location
- Retail Corridor | Family Dollar, Tractor Supply, Save a Lot, Dollar General, USPS, Dunkin’ Donuts, McDonald’s and 7-Eleven
- Convenient Location in Downtown Retail Area | Main Shopping Center for Town
- Less Than One Mile from Kinney Drugs Corporate Office and Headquarters
- Strong Traffic Counts | Over 59,300 and 24,500 Vehicles Per Day Along Interstate 90 and Ridge Rd, Respectively
- RRH Gouverneur Hospital | Located Less Than a Half Mile Away from this Aubuchon Hardware
About the Tenant/Brand
- Family-Owned and Operated Hardware Store Chain in the Northeastern United States
- Aubuchon Hardware Has Been Operating Since 1908!
- Oldest Family-Owned and Managed Hardware Store Chain in America
- Everyday Destination for all Hardware Needs Including Paint, Lawn Care, Grilling, Propane Fills, Power Equipment and Much More
- 119 Paint and Hardware Locations throughout Vermont, Massachusetts, New Hampshire, Maine, Connecticut, Virginia, Pennsylvania and Upstate New York
Key Details
| Price: | $753,050 |
|---|---|
| Cap Rate: | 10.00% |
| Annual Rent: | $75,305 |
| Address: | 32 Clinton Street, Gouverneur, New York 13642 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 28 Years |
|---|---|
| Lease Commencement: | 1/1/1998 |
| Lease Expiration: | 12/31/2025 |
| Lease Term Remaining: | 1.1 Years |
| Rental Increases: | Lesser of CPI or 2% Annual |
| Lot Size: | 0.38 Acres |
| Building Size: | 12,450 SF |
| Year Built: | 1970 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony Bird
abird@nnnpro.com
License: NY: 10401306066
Vincenzo Renda
vrenda@nnnpro.com
License:
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.