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779 Hoosick Rd
Troy, NY 12180
Midas · Retail Property For Sale
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Strong Retail & Automotive Corridor
- Affluent, Growing Trade Area
- Robust Unit - Level Performance
- Located Near Rensselaer Polytechnic Institute
- Tight, Supply - Constrained Retail Submarket
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 779 Hoosick Road, Troy, NY 12180. The site consists of roughly 4,720 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which commenced on September 1, 2026. The annual rent is $140,251 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,720 SF
Building Class
B
Year Built
1995
Price
$3,378,730 CAD
Price Per SF
$715.83 CAD
Cap Rate
5.75%
NOI
$194,277 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.68 AC
Frontage
37’ on Hoosick Rd
Property Taxes
| Parcel Number | 2200-091-2-30 | Improvements Assessment | $188,389 CAD |
| Land Assessment | $27,704 CAD | Total Assessment | $216,093 CAD |
Property Taxes
Parcel Number
2200-091-2-30
Land Assessment
$27,704 CAD
Improvements Assessment
$188,389 CAD
Total Assessment
$216,093 CAD
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