1 Stewart St - Freestanding FOR SALE
Dolgeville, NY 13329 |
$861,090 USD
925-549-1155
1 Stewart St
Dolgeville, NY 13329
HIGHLIGHTS
- Corporate Guarantee from Investment-Grade Tenant – Dollar General Corporation (NYSE: DG) backs the lease with a corporate guarantee
- Passive Management Structure – The property is subject to a Double Net (NN) lease, under which the tenant is responsible for property taxes
- Demonstrated Long-Term Commitment – Dollar General has operated continuously at this location since 2007
- Lack of Direct Competition – The subject property is the only dollar store in Dolgeville, with no competing national retailers in the trade area
- Below-Market Rent – The tenant is currently paying $7.78 per square foot, which is considered low for the retail sector
FOR SALE DETAILS
PRICE
$861,090 USD
PRICE/SF
$96 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
-
APN/PARCEL ID
213601-108-059-0002-025-000-0000
ASK ABOUT THIS PROPERTY
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925-549-1155
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925-549-1155
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