Single-Tenant Office
New York State Police Station - GSA Credit (AA+)
5354 NY-12, Norwich, NY 13815
Listing Price: $532,188
Investment Overview
Strong GSA Guaranteed Lease | Retail Corridor | Adjacent to Tractor Supply Co, Walmart, and Lowe's | Nearly 40 years of Operating History | 3% Annual Rental Increases | 2, 5 Year Renewal Options Remaining | 3-miles from UHS Chenango Memorial Hospital (138 beds) and Norwich School District (serving 1,700+ students)
New York State Police Station - GSA Credit (AA+)
Investment Highlights
- STRONG GOVERNMENT GUARANTEE The property benefits from a lease guaranteed by the government, boasting a strong AA+ credit rating (S&P), ensuring a stable and reliable income stream.
- LONG TERM OPERATING HISTORY The tenant has been in continuous operation at this site since the 1980's (nearly 40 years), reflecting a deep-rooted commitment to this location.
- HEDGE AGAINST INFLATION The lease includes 3% annual rent increases, providing a consistent growth in Net Operating Income (NOI) and a natural hedge against inflation.
Listing Price: $532,188
Investment Highlights
- STRONG GOVERNMENT GUARANTEE The property benefits from a lease guaranteed by the government, boasting a strong AA+ credit rating (S&P), ensuring a stable and reliable income stream.
- LONG TERM OPERATING HISTORY The tenant has been in continuous operation at this site since the 1980's (nearly 40 years), reflecting a deep-rooted commitment to this location.
- HEDGE AGAINST INFLATION The lease includes 3% annual rent increases, providing a consistent growth in Net Operating Income (NOI) and a natural hedge against inflation.
Investment Overview
Strong GSA Guaranteed Lease | Retail Corridor | Adjacent to Tractor Supply Co, Walmart, and Lowe's | Nearly 40 years of Operating History | 3% Annual Rental Increases | 2, 5 Year Renewal Options Remaining | 3-miles from UHS Chenango Memorial Hospital (138 beds) and Norwich School District (serving 1,700+ students)
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