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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34521853

9195 Alleghany Road, Corfu, NY 14036 For Sale

CS
FL FL SL3407088
Marcus & Millichap
Listed by Marcus & Millichap
$1,330,144
1 day on market
Updated 1 day ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7.65%
NOI $101,756
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options Three, Five Year Options with 10% Rental Increases
Price per SqFt $147
Year Built 2016
Acreage 1.500
Tenant Credit Corporate Guarantee
Lease Commencement 08/24/2016
Ground Lease No

About This Property for Sale

Investment highlights

Absolute NNN Lease with Zero Landlord Responsibilities

5+ Years Remaining on the Initial 15 Year Term

Three, Five-Year Options with 10% Rental Increases Remaining

9,026 Square Foot Built-to-Suit Prototype Store – 2016 Construction

Store is Less Than Two Miles from a Newly Built 201,000 Square Foot Amazon Distribution Center (2025 Construction)

Located Minutes from Six Flags Darien Lake, a 1,200-Acre Resort and Theme Park in Corfu

Proximity to the Pembroke School District as well as the Main Drag Through Town

Site is Four Minutes from a Significant Interstate 90 Exit, Which Serves as a Major Gateway Heading to and from the Buffalo/Niagara Falls Region

Store Sells Beer and Has Expanded Cooler Space Making it a Destination Spot in the Immediate Area

Competition Void: Only Dollar General Servicing the NY State Route 77 Corridor Between Corfu and Pembroke

Corfu is Positioned Directly Between Buffalo and Rochester, Two of the Top Four Most Populous Cities in New York

Property is Less Than One Hour from Niagara Falls

S&P “BBB” Credit Rating – Corporately Guaranteed Lease

Listing Contacts

CS
FL FL SL3407088
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$101,756.00
$8,479.67/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

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Property History

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Additional Information

Name
John Horowitz
License
10311204479
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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