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Family Dollar 948 State St 8,320 SF Retail Building Schenectady, NY 12307 $1,608,510 ($193.33/SF) 8.50% Cap Rate
Executive Summary
Corporate NNN Lease: Absolute NNN lease providing completely passive ownership with 10% rent increases every five years in the primary term and options
Prime Location: Over 23,300 vehicles per day along State Street
Union College: Situated just one mile away, with an enrollment of over 2,000 students
Excellent Local Demographics: The Property will benefit from the excellent surrounding demographics, with a 10-mile population of 300,000 earning an average household income of $105.000
Strong Retail Corridor: Strategically located near numerous national tenants such as Dunkin, McDonald’s, Advance Auto, and Popeyes
Prime Location: Over 23,300 vehicles per day along State Street
Union College: Situated just one mile away, with an enrollment of over 2,000 students
Excellent Local Demographics: The Property will benefit from the excellent surrounding demographics, with a 10-mile population of 300,000 earning an average household income of $105.000
Strong Retail Corridor: Strategically located near numerous national tenants such as Dunkin, McDonald’s, Advance Auto, and Popeyes
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$1,608,510
Price Per SF
$193.33
Cap Rate
8.50%
NOI
$136,723
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.96 AC
Zoning
05
Frontage
Amenities
- Bus Line
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 049-042-0002-012-021-0000 | Improvements Assessment | $1,159,900 |
| Land Assessment | $75,300 | Total Assessment | $1,235,200 |
Property Taxes
Parcel Number
049-042-0002-012-021-0000
Land Assessment
$75,300
Improvements Assessment
$1,159,900
Total Assessment
$1,235,200
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Family Dollar | 948 State St
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