324 NY-43 - Storefront FOR SALE
Stephentown, NY 12168 |
$1,785,984 USD
561-602-8390
324 NY-43
Stephentown, NY 12168
HIGHLIGHTS
- Dollar General Corporation is rated “BBB” by S&P and has a proven track record of success
- The absence of significant competition in the grocery market ensures stable sales for Dollar General
- Absolute NNN 15-year lease provides stable income for a long period
- 10% rental increases in each of the four 5-year options
- 10% rental increases in each of the four 5-year options
OVERVIEW
The Twist Capital Team of Colliers is pleased to offer to qualified investors the opportunity to acquire this Dollar General located in Stephentown, NY.
This Dollar General is new construction located at the intersection of NY State Route 22 and NY State Route 43, one mile from the border with Massachusetts. Albany, NY, the state capital, is 25 miles to the west.
FOR SALE DETAILS
PRICE
$1,785,984 USD
PRICE/SF
$195 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Absolute NNN | 12-Year Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.69 AC
LAND SF
73,616 SF
ZONING
RR
APN/PARCEL ID
384600 196.3-1-32.12
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561-602-8390
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561-602-8390
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