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Portfolio: Cuddebackville, NY ,.Chester, PA 1035 US Route 209 9,224 SF Retail Building Cuddebackville, NY 12729 $3,009,826 ($326.30/SF) 7.50% Cap Rate
Investment Highlights
- EXCELLENT 1031TD PORTFOLIO for approx $3 mill
Executive Summary
SOLD AS PACKAGE WITH DOLLAR GENERAL STORE LOCATED AT
1200 HIGHLAND AVE. CHESTER , PA 19103- $ 1,532,693
INVESTMENT HIGHLIGHTS
• 9,224 SF Dollar General METRO Store | Full Brick Exterior
• Triple Net (NNN) 6Year Lease with No Landlord Responsibilities
• Four Five Year Options | 10% Rent Increases at Each Option
• Corporate Guarantee | “BBB” S&P Rating
20 Miles Southwest of Poughkeepsie
“Town Center” Location with Limited Competition
Strong AHHI $78,710 within 5 miles
1200 HIGHLAND AVE. CHESTER , PA 19103- $ 1,532,693
INVESTMENT HIGHLIGHTS
• 9,224 SF Dollar General METRO Store | Full Brick Exterior
• Triple Net (NNN) 6Year Lease with No Landlord Responsibilities
• Four Five Year Options | 10% Rent Increases at Each Option
• Corporate Guarantee | “BBB” S&P Rating
20 Miles Southwest of Poughkeepsie
“Town Center” Location with Limited Competition
Strong AHHI $78,710 within 5 miles
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,224 SF
Building Class
B
Year Built
2017
Price
$3,009,826
Price Per SF
$326.30
Cap Rate
7.50%
NOI
$225,737
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.80 AC
Parking
33 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
170’ on U.S. 209
Property Taxes
| Parcel Number | 332800-022-000-0001-042.000-0000 | Improvements Assessment | $836,000 |
| Land Assessment | $36,000 | Total Assessment | $872,000 |
Property Taxes
Parcel Number
332800-022-000-0001-042.000-0000
Land Assessment
$36,000
Improvements Assessment
$836,000
Total Assessment
$872,000
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Portfolio: Cuddebackville, NY ,.Chester, PA | 1035 US Route 209
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