253 N Main St | Spring Valley, NY 10977
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- LoopNet Team
253 N Main St
Spring Valley, NY 10977
People's United Bank · Retail Property For Sale
Investment Highlights
- Absolute triple net lease with investment-grade credit and annual rent escalations.
- Located less than one hour outside of New York City with nearby tenants including 7-Eleven, Walgreens, Dunkin, and Family Dollar.
- The tenant exercised a lease extension showing their commitment to the site.
- Average household income within a three-mile radius is over $100,000, and this site has $62 million in branch deposits.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
3,720 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.78 AC
Zoning
R-15 - Neighborhood Shopping District
Parking
27 Spaces (7.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 392689-050-014-0004-065-000-0000 | Improvements Assessment | $150,000 |
| Land Assessment | $75,000 | Total Assessment | $225,000 |
PROPERTY TAXES
Parcel Number
392689-050-014-0004-065-000-0000
Land Assessment
$75,000
Improvements Assessment
$150,000
Total Assessment
$225,000
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