Log In/Sign Up
Your email has been sent.
7 Cap Absolute NNN 10 Year Dollar General 3266 NY 29A 9,250 SF Retail Building Caroga Lake, NY 12032 $1,588,085 ($171.68/SF) 7% Cap Rate
Investment Highlights
- Dollar General Corporation is rated “BBB” by S&P and has a proven track record of success
- Absolute NNN 15-year lease provides stable income for a long period
- Corporate guaranteed lease - no landlord responsibilities
- The absence of significant competition in the grocery market ensures stable sales for Dollar General
- 10% rental increases in each of the four 5-year options
Executive Summary
The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Dollar General located in Caroga Lake, NY.
This Dollar General is new construction located at the junction of NY State Route 29A and NY State Route 10 in the southern part of the Adirondack Mountains and to the northeast of Albany, the state capital.
This Dollar General is new construction located at the junction of NY State Route 29A and NY State Route 10 in the southern part of the Adirondack Mountains and to the northeast of Albany, the state capital.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,250 SF
Building Class
C
Year Built
2020
Price
$1,588,085
Price Per SF
$171.68
Cap Rate
7%
NOI
$111,167
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.15 AC
Frontage
145’ on 29a
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $12.01
- Triple Net
- Oct 2035
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 | - | $12.01 | Triple Net | Oct 2035 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 172400 83.-1-1.2 | Improvements Assessment | $412,500 |
| Land Assessment | $72,500 | Total Assessment | $485,000 |
Property Taxes
Parcel Number
172400 83.-1-1.2
Land Assessment
$72,500
Improvements Assessment
$412,500
Total Assessment
$485,000
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7 Cap Absolute NNN 10 Year Dollar General | 3266 NY 29A
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.