68 Main St - Drug Store FOR SALE
Binghamton, NY 13905 |
$1,549,300 USD
858-964-8434
68 Main St
Binghamton, NY 13905
HIGHLIGHTS
- Dollar General Conversion Store With Brand New 10-Year Double Net (NN) Lease | Minimal Landlord Responsibilities
- Lease Commenced in April 2024
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option
- New Roof Installed in 2024 With a Transferable Warranty | Property Features Large Parking Lot with Pylon Sign and Excellent Visibility Along Main St.
- Two Points of Ingress/Egress Along Main Street, Seeing 12,900+ Vehicles Per Day
- Situated On a Signalized Intersection With Easy Access From Both Streets
OVERVIEW
- Open upon completion of new roof October 1st Estimated
- 10 yr NN Lease
- New Roof currently being installed - 25yr roof warranty
- Site is a conversion of a former CVS Store
- Great Traffic Counts, Demos, Dense Market with Rooftops
- Corporate Guarantee | Dollar General is an Investment Grade Tenant (S&PCreditRating:‘BBB’)
FOR SALE DETAILS
PRICE
$1,549,300 USD
PRICE/SF
$143 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,977 SF
ZONING
Commerical
APN/PARCEL ID
030200-160-039-0002-007-000-0000
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858-964-8434
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858-964-8434
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