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Aubuchon Hardware 32 Clinton St 12,450 SF Retail Building Gouverneur, NY 13642 $1,051,198 CAD ($84.43 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Landlord Responsible for Roof & Structure | New Roof as of 2018
- Corporate Guaranty
- Aubuchon Hardware has Operated Here Since 1998 | Tenant has Exercised Multiple Renewal Options
- Extremely Low Rent of $6.00/SF
- Attractive Rental Increases! | 2% Annually in Each of the Three (3), Five (5)-Year Renewal Options
- Retail Corridor | Family Dollar, Tractor Supply, Save a Lot, Dollar General, USPS, Dunkin’ Donuts, McDonald’s and 7-Eleven
EXECUTIVE SUMMARY
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 an 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,450 SF
Building Class
C
Year Built
1970
Price
$1,051,198 CAD
Price Per SF
$84.43 CAD
Cap Rate
10%
NOI
$105,120 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.38 AC
Zoning
R1 - Low Density residential
Parking
50 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
88’ on Clinton St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 404001-173-024-0008-002-000-0000 | Improvements Assessment | $287,839 CAD |
| Land Assessment | $12,982 CAD | Total Assessment | $300,821 CAD |
PROPERTY TAXES
Parcel Number
404001-173-024-0008-002-000-0000
Land Assessment
$12,982 CAD
Improvements Assessment
$287,839 CAD
Total Assessment
$300,821 CAD
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Aubuchon Hardware | 32 Clinton St
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