40 Newtown Lane, East Hampton, NY 11937

Suffolk County, East Hampton, New York 11937

$11,500,000  

Listing ID Number

25280

Property Description

ABSOLUTE NNN LEASE with zero landlord responsibilities

CORPORATE BACKED LEASE THROUGH 9/30/2024 – Capital One signed a 10 year lease in 2014 with 3% annual increases leaving approximately 7 years remaining on the initial term

BAA1 CREDIT RATING BY MOODY’S – Capital One is publically traded on the NYSE and is considered the 9th largest bank in the US with $357 Billion in total assets

IDEAL DOWNTOWN LOCATION along Newtown Lane just off Main Street offering easy accessibility

CAPITAL ONE BOASTS 13.80% LOCAL MARKET SHARE with ~$157,420,000 in deposits as of 6/30/2017

Overview

Building Type:Commercial Buildings
Building Sq Ft:5,280

Investment Information

Net Operating Income:$564,694

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777
robert.knakal@cushwake.com

Jonathan Hageman
Executive Managing Director
(212) 660 7773
jonathan.hageman@cushwake.com

George D'Ambrosio
Director
(212) 660 7790
george.dambrosio@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.