Armida Rose Realty Group
Listed by Armida Rose Realty Group
$2,150,000
Dollar Tree Retail Box - Rotterdam, NY - For Sale
Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 15,750
Units 1
Cap Rate 5.12%
NOI $110,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Term 7
Lease Expiration 02/28/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options 2
Pro-Forma Cap Rate 5.12%
Pro-Forma NOI $110,000
Broker Co-Op Yes
Year Built 1995
Buildings 1
Stories 1
Acreage 1.000
Zoning B1 Bunsiness/ Retail
Parking Spaces 471 spaces
Parking Per SqFt 29.90
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/01/2023
Retail | 5.12% CAP | 15,750 SqFt
Marketing description
Investment opportunity in Schermerhorn Hollow Village. Located next to BJ's Warehouse. Current tenant is Dollar Tree with triple net lease. NEW 7 YEAR LEASE IN PLACE THROUGH 2030 WITH 2 RENEWAL OPTIONS! Renewal options come with a 14% and 12.5% bump respectively. Excellent accessibility from I890. Traffic Count: 20,000+ AADT. Located directly across from VIA Port Rotterdam. New York State offices with 800+ employees is adjacent. Less than a mile from GE plant. Site offers municipal water/sewer, fiber. Can be sold with MLS#202000377 & 202000379. Plenty of parking with great visibility. Only 2 miles from vibrant Downtown Schenectady.
Investment highlights
- Tenant Dollar Tree is ranked 137 out of the Fortune 500 list
- New roof top units installed 2024
- Two 5 year renewal options with significant bumps in rent
- All infrastructure in place ( no need to develop a new site)
- High visibility with 20,000+ ADT
- Sharp residential growth within 2 miles of this site, many new apartment units
- In same plaza with a newly approved Ace Hardware
Listing Contacts
Armida Rose Realty Group
Listed by Armida Rose Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
5.12%
Cap Rate
5.12%
ROI
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