Listed by Colliers - Fort Lauderdale, Florida
$1,569,114
7.00 Cap Absolute NNN with Billboard
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,166
Net Rentable (SqFt) 9,166
Cap Rate 7%
NOI $109,838
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 4 5-year options
Price per SqFt $171
Broker Co-Op Yes
Year Built 2020
Buildings 1
Stories 1
Acreage 1.692
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2020
Ground Lease No
10-Year Dollar General NNN
Marketing description
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.
Investment 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
Corporate guaranteed lease - no landlord responsibilities
Listing Contacts
Listed by Colliers - Fort Lauderdale, Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,838.00
$9,153.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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