Listed by Donovan Real Estate Services
$2,394,370
Single Tenant Investment Property
Details
Property Type Retail
Sub Type Retail
Square Footage 15,059
Net Rentable (SqFt) 15,059
Units 1
Cap Rate 7.10%
NOI $170,000
Tenancy Single
Brand/Tenant Dollar General Market
Lease Type NN
Lease Term 10
Lease Expiration 04/30/2035
Remaining Term 8.8
Lease Options 2
Year Renovated 2025
Buildings 1
Stories 1
Acreage 2.000
Investment Type Net Lease
Lease Commencement 04/18/2025
Dollar General Market Single Tenant Investment Property | 7.10% CAP | 15,059 SF
Marketing description
Donovan Real Estate Services is pleased to offer the opportunity to acquire a newly renovated single tenant investment property leased by Dollar General Market investment in West Seneca, NY.
The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period. This grows NOI and hedges against inflation.
Investment highlights
10-year initial term
Two 5-year options with 10% bumps to edge against inflation and help grow NOI
Corporate guaranty on lease
Building is on a corner lot and has a pylon sign
Listing Contacts
Listed by Donovan Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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Property History
Tax History
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