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Absolute NNN 10 Year Dollar General 3266 NY 29A 9,250 SF Retail Building Caroga Lake, NY 12032 $1,646,913 ($178.04/SF) 6.75% 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
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
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $12.01
- Triple Net
- Oct 2035
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $12.01 | Triple Net | Oct 2035 |
PROPERTY TAXES
| Parcel Number | 172400 83.-1-1.2 | Improvements Assessment | $412,500 |
| Land Assessment | $72,500 | Total Assessment | $485,000 |
PROPERTY TAXES
Presented by
Absolute NNN 10 Year Dollar General | 3266 NY 29A
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