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1133 State Route 22 15,103 SF 100% Leased Retail Building Cambridge, NY 12816 $1,025,000 ($67.87/SF) 7.60% Cap Rate
Investment Highlights
- New paved parking Lot
- New Parking lot lighting
Executive Summary
This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. The property is offered at an attractive 8% capitalization rate. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike.Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income.The lease is structured as a Triple Net (NNN) lease, The property is offered at an attractive 7.6% capitalization rate delivering strong returns on investment.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,103 SF
Building Class
B
Year Built
1980
Price
$1,025,000
Price Per SF
$67.87
Cap Rate
7.60%
NOI
$77,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.07
Lot Size
5.00 AC
Zoning
Commercial
Parking
50 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
133’ on State Route 22
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 535089-263-000-0003-004-002-0000 | Improvements Assessment | $564,000 |
| Land Assessment | $36,000 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
535089-263-000-0003-004-002-0000
Land Assessment
$36,000
Improvements Assessment
$564,000
Total Assessment
$600,000
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1133 State Route 22
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