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- LoopNet Team
5354 NY 233
Westmoreland, NY 13490
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Ideal 1031 exchange property for an investor seeking a reliable source of passive income
- Long-term 15-Year absolute NNN lease; Zero management responsibilities
- Brand new 2019 construction completed in November
- Four, 5-Year extension options, all of which include an attractive 10% rental increase
PROPERTY FACTS
ABOUT 5354 NY 233 , WESTMORELAND, NY 13490
Corporately guaranteed lease from Dollar General Corporation Westmoreland is a suburb of Utica and is located just 10-miles West of downtown; 35-miles East of downtown Syracuse 5-mile population of 21,200 residents 7-mile population of 64,500 residents Dollar General is considered the strongest discount retailer Dollar General boasts an extremely strong investment grade credit rating of BBB (S&P) Dollar General recently formed a strategic partnership with FedEx and Western Union: the partnership will encourage a more diverse customer base, of which they believe will stick around and shop
PROPERTY TAXES
| Parcel Number | 306800 302.000-1-67.4 | Improvements Assessment | $349,000 |
| Land Assessment | $100,000 | Total Assessment | $449,000 |
PROPERTY TAXES
