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- LoopNet Team
52 N Main St
Liberty, NY 12754
Family Dollar 2001 | NN+ Corporate Guaranty · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 52 N MAIN ST , LIBERTY, NY 12754
The subject property has been rented by Family Dollar since 2001. Family Dollar is a solid Corporate Guaranteed tenant. They have over $8,000 locations all over the United State. The average Family Dollar store has over 2,000 customers per week. Based on the lease terms, Family Dollar has two remaining terms, five years each, until June 2032. The annual rent is at 63,261 + 3% of sales above a certain threshold. The current five year option expires on June 30, 2022, after which the rent will increase to $6,378 per month. This will bring the net income to an astonishing $59,510, at a 10.88% Cap rate. The owner is responsible for only a small part of the Taxes and Insurance Premium. All CAM including snow removal are reimbursed by the tenant. In addition Family Dollar is the only store on the street with plentiful designated parking spaces. The epitome of a no-headache, income producing property!
PROPERTY TAXES
| Parcel Number | 3601-108-0-0011-010-000 | Improvements Assessment | $170,900 |
| Land Assessment | $13,400 | Total Assessment | $184,300 |
PROPERTY TAXES
