185 Main St, Johnson City, NY 13790

CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in 185 Main Street, Johnson City, New York. The 9,000 square foot building sits on 0.54 acres. The property is subject to a triple-net lease with Dollar General. There are over eight years of firm term remaining on the lease. In addition, the tenant has two five-year options with $0.50 per square foot rental increases. The lease is corporately guaranteed by Dollar General which boasts an investment grade credit rating of ‘BBB’ by Standard & Poor’s. The property was renovated in 2023 including four new HVAC units, a new fire alarm system, a new dumpster enclosure and a new parking lot. Additionally, new pylon signage was recently installed at the tenant’s expense.

The subject property is positioned on a hard corner with multiple points of ingress and egress. The site benefits from over 10,900 vehicles per day. Retailers nearby include M&T Bank, Walmart, Vision’s Federal Credit Union, and more. Additionally, the presence of Binghamton University’s Health Sciences Campus has been a significant catalyst for economic growth, bringing in over 1,000 students and 200 employees to the area. This 15-acre Health Sciences Campus is located less than half a mile from the subject property.