Listed by Waterbourne Group of Companies
$1,100,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 6.45%
NOI $70,950
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 12/31/2029
Remaining Term 4.5
Lease Options 5-year renewal option
Price per SqFt $120
Broker Co-Op Yes
Class C
Year Built 2006
Buildings 1
Stories 1
Acreage 1.590
Zoning C-1
Parking Spaces 45 spaces
Parking Per SqFt 4.95
Investment Type Net Lease
Lease Commencement 12/31/2024
Ownership EBMT, Inc.
Retail | 6.45% CAP | 9,100 SqFt
Marketing description
Commercial building housing a Dollar General store that has been successful at this location since 12/2019. 9,100 square foot block and metal building in the business district of the Village of Alden, NY. Located just 10 minutes from the !-90, and situated on a 1.59 acre site with 45 car parks…both sides and front of building. Lot dimensions are 297.66 feet of frontage and 233 feet of depth. Rear loading area.
Investment highlights
Just started their first 5-year option and paying $70,950.00 Annually on a triple net basis. With an asking price of $1.1M, this represents a 6.45% cap rate. The next renewal option runs from 1/1/30 thru 12/31/34. The annual rent jumps to $78,084.96, triple net.
Listing Contacts
Listed by Waterbourne Group of Companies
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,950.00
$5,912.50/mo
Valuation Metrics
0
DSCR
6.45%
Cap Rate
6.45%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
