Description
INVESTMENT OPPORTUNITY | 43 South Western Ave, Glens Falls Well-positioned commercial investment opportunity featuring a 2,680± SF building on 0.73 acres in Glens Falls. The property is currently occupied by an established medical practice that has been in operation for approximately 14 years and is secured by a signed five-year lease through May 31, 2031. The property provides $50,400 in annual base rental income under a Triple Net (NNN) lease structure. The tenant is responsible for all repairs, utilities, and real property taxes. The lease provides an additional five-year renewal option at an increased rate, providing additional long-term potential. The building underwent a full interior renovation in 2018 and features an asphalt roof approximately nine years old, forced-air heating, central cooling, and 30 parking spaces. The property offers a quiet setting while remaining conveniently located just minutes from major roads and highway access. An attractive opportunity for an investor seeking stable commercial income, an established tenant, NNN lease structure, and long-term occupancy potential. Cap Rate: [10.1%]. Additional details available upon request. Showings are subject to tenant availability and advance notice. *Agent is owner
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0BEDS
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0.73ACRES
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2BATHS
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01/2 BATHS
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2,680SQFT
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$186$/SQFT
School Ratings & Info
Description
INVESTMENT OPPORTUNITY | 43 South Western Ave, Glens Falls Well-positioned commercial investment opportunity featuring a 2,680± SF building on 0.73 acres in Glens Falls. The property is currently occupied by an established medical practice that has been in operation for approximately 14 years and is secured by a signed five-year lease through May 31, 2031. The property provides $50,400 in annual base rental income under a Triple Net (NNN) lease structure. The tenant is responsible for all repairs, utilities, and real property taxes. The lease provides an additional five-year renewal option at an increased rate, providing additional long-term potential. The building underwent a full interior renovation in 2018 and features an asphalt roof approximately nine years old, forced-air heating, central cooling, and 30 parking spaces. The property offers a quiet setting while remaining conveniently located just minutes from major roads and highway access. An attractive opportunity for an investor seeking stable commercial income, an established tenant, NNN lease structure, and long-term occupancy potential. Cap Rate: [10.1%]. Additional details available upon request. Showings are subject to tenant availability and advance notice. *Agent is owner
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