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273 S Stevens St 10,982 SF Retail Building Shinglehouse, PA 16748 $2,230,754 ($203.13/SF) 6.50% Cap Rate
Executive Summary
?Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily, Providing Consistent Visibility And Accessibility For Customers
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Backed By Approximately 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
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Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base And Supporting Long Term Tenant Stability
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Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
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Backed By Approximately 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
?
Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base And Supporting Long Term Tenant Stability
?
Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,982 SF
Building Class
B
Year Built
2023
Price
$2,230,754
Price Per SF
$203.13
Cap Rate
6.50%
NOI
$144,999
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.67 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 240-001-028 | Improvements Assessment | $151,280 |
| Land Assessment | $16,700 | Total Assessment | $167,980 |
Property Taxes
Parcel Number
240-001-028
Land Assessment
$16,700
Improvements Assessment
$151,280
Total Assessment
$167,980
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