$1,639,225 USD
949-662-2252
1936 Van Vranken Ave
Schenectady, NY 12308
Outer Schenectady
HIGHLIGHTS
- Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the Covid-19 pandemic.
- Strong Demographics – The location is surrounded by near 148,000 people and continuing to grow
- Minimal Landlord Responsibilities – Dollar General signed a 10 year NN lease in 2020, with 10% rental increases in the 4, 5 year options
- Second Generation Location – Dollar backfilled a former Rite Aid location, demonstrating the likelihood of paying at/below retail market rent
- Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought-after investments.
FOR SALE DETAILS
PRICE
$1,639,225 USD
PRICE/SF
$147 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
36
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
5
APN/PARCEL ID
039-035-0004-001-001-0000
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949-662-2252
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949-662-2252
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
