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2419 State Route 52 9,449 SF Retail Building Pine Bush, NY 12566 $2,200,000 ($232.83/SF) 5.44% Cap Rate
Investment Highlights
- Newer Dollar General Building
- NNN Lease | Tenant Pays Taxes, Insurance & Utilities
- $9,978/Month | 5 Years Remaining + 20-Year Options
Executive Summary
NNN-leased Dollar General investment opportunity located on Main Street @ Route 52, Pine Bush, NY. The property consists of approximately 2 acres improved with an approximately 9,449 SF retail building.
Lease is structured as a NNN lease, Tenant pays all property taxes, utilities, insurance, and other operating expenses, offering investors a long-term, nationally recognized retail tenant with scheduled rental increases and multiple renewal options. Current rent is $9,978/month, with approximately 5 years remaining on the current lease plus 20 years of renewal options. Easy to manage with stable rental income. Long-term national tenant.
Please do not disturb the tenant. Contact listing broker for additional information and lease documents.
Lease is structured as a NNN lease, Tenant pays all property taxes, utilities, insurance, and other operating expenses, offering investors a long-term, nationally recognized retail tenant with scheduled rental increases and multiple renewal options. Current rent is $9,978/month, with approximately 5 years remaining on the current lease plus 20 years of renewal options. Easy to manage with stable rental income. Long-term national tenant.
Please do not disturb the tenant. Contact listing broker for additional information and lease documents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,449 SF
Building Class
C
Year Built
1992
Price
$2,200,000
Price Per SF
$232.83
Cap Rate
5.44%
NOI
$119,736
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.01 AC
Zoning
N/A
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 332600-008-000-0002-007.000-0000 | Improvements Assessment | $436,700 |
| Land Assessment | $45,000 | Total Assessment | $481,700 |
Property Taxes
Parcel Number
332600-008-000-0002-007.000-0000
Land Assessment
$45,000
Improvements Assessment
$436,700
Total Assessment
$481,700
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2419 State Route 52