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550 W Main St
Hancock, NY 13783
Dollar General | New 15-Year NNN · Retail Property For Sale
PROPERTY FACTS
ABOUT 550 W MAIN ST , HANCOCK, NY 13783
The subject property is a brand new construction Dollar General store located in Hancock, NY just outside of Binghamton. The 9,100+/- square foot store is under construction and expected to open in October, 2018 on 1.51+/- acres of land. The store is ideally located at the corner of Main Street and the Hwy 17 Entrance Ramp. Nearby retailers include McDonald’s, Rite Aid, Subway, Tops Friendly Markets, NAPA Auto Parts, many local establishments and more. Dollar General is signed to a 15-year NNN lease that is expected to commence in October, 2018 upon store opening. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five (5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal period.
PROPERTY TAXES
| Parcel Number | 123601 428.16-2-12.1 | Improvements Assessment | $50,000 |
| Land Assessment | $25,000 | Total Assessment | $75,000 |
PROPERTY TAXES
