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7146 State Route 434 9,100 SF Retail Building Apalachin, NY 13732 $1,495,000 ($164.29/SF) 6.74% Cap Rate
Investment Highlights
- In the 97th Percentile of all Dollar General Stores Nationwide
- Interstate access to 30K+ vehicles per day along Interstate 86
- Located in a Highly Affluent Area where Average HH Incomes Exceed $100K within a 1, 2, 3, 5, 10 mile radius of the site
- In the 98th Percentile of all Dollar General Stores in New York
- Located on a Large 1.43 Acre Lot
- NNN Lease with No Landlord Responsibilities
Executive Summary
AMC Real Estate Investment Services presents a Dollar General on an absolute triple-net lease in Apalachin, New York, within the Binghamton MSA. Built in 2018, the 9,100 SF building sits on 1.43 acres along State Route 434, a primary commercial corridor with direct connectivity to the Southern Tier Expressway (I-86 / NY-17) and traffic exposure of approximately 30K+ VPD. The trade area is supported by average household incomes exceeding $100,000 within a 1, 2, 3, 5, and 10-mile radius. Approximately 7.4 years remain on the original 15-year corporate lease, with five 5-year options at 10% rent bumps — delivering long-term, passive income backed by an investment-grade retailer.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2018
Price
$1,495,000
Price Per SF
$164.29
Cap Rate
6.74%
NOI
$100,812
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.43 AC
Zoning
ZONE
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 493089 142.18-3-11.12 | Improvements Assessment | $828,400 |
| Land Assessment | $59,500 | Total Assessment | $887,900 |
Property Taxes
Parcel Number
493089 142.18-3-11.12
Land Assessment
$59,500
Improvements Assessment
$828,400
Total Assessment
$887,900
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7146 State Route 434
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