Bank

NBT Bank (Absolute NNN)

703 Troy Schenectady Rd, Latham, NY 12110

Listing Price: $3,155,000

Cap Rate
5.75%
Tenant Name
NBT Bank
Years Remaining On Lease
2.00
Guarantor
Corporate Guarantee
Rentable SF
2,942
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.67

Investment Overview

Marcus & Millichap is pleased to present NBT Bank, a triple net lease property located at 703 Troy Schenectady Rd, Latham, NY.

Investment Highlights

  • Single Tenant Bank Building: Constructed in 2007 with Double Drive-Thru
  • Good Dirt: Signalized Hard Corner with Multiple Points of Ingress and Egress
  • Attractive Rent Increases:16% Every Renewal Period

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Listing Price: $3,155,000

Cap Rate
5.75%
Tenant Name
NBT Bank
Years Remaining On Lease
2.00
Guarantor
Corporate Guarantee
Rentable SF
2,942
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.67

Investment Highlights

  • Single Tenant Bank Building: Constructed in 2007 with Double Drive-Thru
  • Good Dirt: Signalized Hard Corner with Multiple Points of Ingress and Egress
  • Attractive Rent Increases:16% Every Renewal Period

Investment Overview

Marcus & Millichap is pleased to present NBT Bank, a triple net lease property located at 703 Troy Schenectady Rd, Latham, NY.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

MM Texture Background
MM Textured Background Lower