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Caractéristiques
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Description de la propriété
JLL has been exclusively retained to arrange the
sale of 991 Third Avenue (The “Property”), a 4,960 SF building
with 1,664 SF of additional usable basement space. 991 Third is
located on the corner of 59th Street and Third Avenue directly
across from the famous Bloomingdales Department Store. The
Property is triple-net leased to Capital One Bank (the “Tenant”)
which has a credit rating of Baa1 and 10 years remaining on their
current term, with another 10 year option. Visibility of the subject
property is ideal as it is positioned directly outside the entrance
to the 59th Street Subway Station and is centrally located within
the heavy retail corridor of Midtown Manhattan. Neighboring
retail tenants like Bloomingdales, IKEA, Dylan’s Candy Bar,
Home Depot, and Zara account for high foot traffic and exposure.
Informations clés concernant l'investissement
In one of Manhattan’s highest end neighborhoods, 991 Third
Avenue presents an outstanding opportunity for investors to
purchase a rare NNN leased asset in a stand alone property.
In one of Manhattan’s highest end neighborhoods, 991 Third
Avenue presents an outstanding opportunity for investors to
purchase a rare NNN leased asset in a stand alone property.

