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22 Freemans Bridge Rd
Schenectady, NY 12302
9.35% CAP | Large .88 Acre Lot · Retail Property For Sale
Investment Highlights
- RENTAL INCREASES – There are 4% rental increases for every 5-year option period, providing an investor a hedge against inflation.
- CORPORATE GUARANTEE – This location is operated by the Boyd Group and backed by a corporate guarantee.
- LARGE CORNER LOT – This 0.88-acre property sits prominently on a corner lot, offering significant visibility and ample space for development.
- MARKET DOMINANT AUTO REPAIR – Gerber Collision has been in business for more than 85 years and operates 800+ locations.
- HIGH TRAFFIC AREA – The subject property has excellent visibility along Freemans Bridge Rd, a street that sees over 24,000 vehicles per day.
- EXCELLENT LOCATION – The property is located next to a number of automotive businesses, car dealers, and major retailers.
Executive Summary
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Gerber Collision & Glass in Scotia, NY. This property, built in 1985, includes a 5,978-square-foot facility with minimal local competition, ideally suited for an investor seeking stability and low management demands.
The property is secured by a Double Net (NN) lease with the Boyd Group and has a remaining term of 3 years. The lease includes two optional 5-year extension periods, each featuring a 4% rental increase, enhancing long-term income potential. Located on a highly visible 0.88-acre corner lot along Freemans Bridge Rd, the site benefits from an impressive traffic count of over 24,000 vehicles per day.
Positioned in a prime commercial corridor, the property enjoys proximity to well-established automotive services and major national retailers such as Subway, Napa Auto Parts, Dunkin' Donuts, Verizon, Lowe’s, and Walmart. This high-traffic location provides significant consumer draw, excellent visibility, and convenient access, making it a strategic investment with minimal landlord responsibilities and strong tenant demand.
The property is secured by a Double Net (NN) lease with the Boyd Group and has a remaining term of 3 years. The lease includes two optional 5-year extension periods, each featuring a 4% rental increase, enhancing long-term income potential. Located on a highly visible 0.88-acre corner lot along Freemans Bridge Rd, the site benefits from an impressive traffic count of over 24,000 vehicles per day.
Positioned in a prime commercial corridor, the property enjoys proximity to well-established automotive services and major national retailers such as Subway, Napa Auto Parts, Dunkin' Donuts, Verizon, Lowe’s, and Walmart. This high-traffic location provides significant consumer draw, excellent visibility, and convenient access, making it a strategic investment with minimal landlord responsibilities and strong tenant demand.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,978 SF
Building Class
C
Year Built
1985
Price
$1,054,487 CAD
Price Per SF
$176.39 CAD
Cap Rate
9.35%
NOI
$98,595 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.88 AC
Zoning
CON
Parking
30 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
86’ on Freemans Bridge Rd
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 030-019-0001-025-001-0000 | Improvements Assessment | $286,198 CAD |
| Land Assessment | $137,074 CAD | Total Assessment | $423,272 CAD |
Property Taxes
Parcel Number
030-019-0001-025-001-0000
Land Assessment
$137,074 CAD
Improvements Assessment
$286,198 CAD
Total Assessment
$423,272 CAD
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