575 Broad St - Freestanding FOR SALE


Waverly, NY 14892
$857,142 USD
561-602-8390
575 Broad St, Waverly, NY for Sale
$857,142 USD
Freestanding - FOR SALE
1/3
null | 7% Cap Rate

575 Broad St
Waverly, NY 14892


HIGHLIGHTS

  • Ranked within top 1% of Dollar General locations nationally
  • Minimal competition in grocery sector in its vicinity
  • Situated strategically off Interstate 86 with traffic count of 17,460 vehicles per day
  • Corporate guaranteed lease providing added security and assurance regarding lease commitments
  • Very low replaceable rent offers cost effective leasing option difficult to duplicate in todays market

OVERVIEW

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors an enticing opportunity in the acquisition of this top-performing Dollar General (Store #6065) located in Waverly, New York. Top 1% Nationally Ranked Dollar General. This property represents a stable and lucrative investment option in the commercial real estate sector, offering reliable income streams and potential for long-term capital appreciation. This 9,100 sf freestanding building was constructed in 2003 and is situated on one acre. The building is in good condition, reflecting Dollar General’s commitment to maintaining their properties to high standards. Their long-term lease provides a secure income stream for investors. Situated in Waverly, New York, the property enjoys a prime location with high visibility and accessibility, contributing to steady foot traffic. The town boasts a stable and growing economy, with a diverse demographic profile, making it an ideal location for retail businesses like Dollar General. The property benefits from limited competition in the area, enhancing its position as a preferred shopping destination for residents. The long-term lease agreement with Dollar General ensures a stable and predictable income stream for investors as Dollar General provides a reliable and creditworthy tenant. The property’s strategic location offers potential for long-term value appreciation, making it an attractive investment option.

FOR SALE DETAILS

PRICE

$857,142 USD

PRICE/SF

$94 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 cap Top 1% National Ranked Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

03

APN/PARCEL ID

492001-166-020-0001-027-000-0000

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.