- The tenant, Rexel USA, Inc. has over 2 years remaining on their initial lease with 1 (3-Year) option to extend, demonstrating their commitment to the site
- The lease features 2.5% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
- Rexel operates through a network of more than 1,950 branches in 19 countries, with more than 27,000 employees
Investment Offering
Jamestown, NY - Rexel Electrical Supplies
500 W 4th St | Jamestown, NY 14701
$404,510
Price10%
Cap Rate$40,451
NOI7,974
± SF Offering GLADescription
Location
- The site is ideally located in a dense retail corridor, with numerous nearby national/credits tenants including CVS, Walgreens, Tim Hortons, Dollar General, Big Lots and many more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
- Furthermore, the subject property is in close proximity to UPMC Chautauqua Hospital (287 beds), further increasing consumer traffic to the site