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11350 State Route 149 9,100 SF Retail Building Fort Ann, NY 12827 $1,550,000 ($170.33/SF)
EXECUTIVE SUMMARY
Absolute NNN Dollar General with zero landlord responsibilities. Their initial lease term runs through 1/31/2032 with four consecutive 5 year renewal options with rent increases. Makes an excellent 1031 Exchange opportunity at an attractive 7% cap rate. Financials and detailed information available upon acceptance of an offer.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,550,000
Price Per SF
$170.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
10.40 AC
Zoning
01 - Commercial; Retail Store
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
260’ on State Route 149
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 532889-112-000-0004-009-000-0000 | Improvements Assessment | $961,800 |
| Land Assessment | $180,500 | Total Assessment | $1,142,300 |
PROPERTY TAXES
Parcel Number
532889-112-000-0004-009-000-0000
Land Assessment
$180,500
Improvements Assessment
$961,800
Total Assessment
$1,142,300
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11350 State Route 149
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