Listed by REF Advisory Inc
$1,560,000
Dollar General - Campbell, NY
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,026
Net Rentable (SqFt) 9,026
Units 1
Cap Rate 7.11%
NOI $110,960
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options 3 5-Year Options with 10% Rental Increases
Pro-Forma Cap Rate 7.11%
Pro-Forma NOI $110,960
Price per SqFt $173
Price Per Acre $598,859
Broker Co-Op Yes
Year Built 2021
Buildings 1
Stories 1
Acreage 2.630
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.32
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/09/2021
Ground Lease No
Ownership Free and Clear
Absolute NNN Corporate Guaranteed Lease with 10+ Years Remaining
Marketing description
Constructed in 2022, this corporately guaranteed Dollar General with an absolute NNN lease provides an excellent investment opportunity. The lot is extra large, at 2.63 Acres, and it is located directly off NY State Route 96 for easy access.
Investment highlights
- Offered at $1,560,000 NOI: $110,960 CAP: 7.11 %
- Total Building SF: 9,026 SF, 2.63 Acres
- Absolute NNN Lease
- 10+ Years Remaining on the 15 Year Lease
- 10% Rent Increases Every 5 years during Three 5-Year Option Periods
- Interior Remodel Planned August of 2026 by Dollar General, demonstrating commitment
- Corporate Guarantee from Dollar General Corporation
- Located next to New York State Route 96 exit and Kraft Foods International Dairy Plant
Listing Contacts
Listed by REF Advisory Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,960.00
$9,246.67/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
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