1133 State Route 22 - Storefront FOR SALE


Cambridge, NY 12816
$1,025,000 USD
315-863-2777
1133 State Route 22, Cambridge, NY for Sale
$1,025,000 USD
Storefront - FOR SALE
1/27
null | 7.6% Cap Rate

1133 State Route 22
Cambridge, NY 12816


HIGHLIGHTS

  • New paved parking Lot
  • New Parking lot lighting

OVERVIEW

This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. The property is offered at an attractive 8% capitalization rate. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike.Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income.The lease is structured as a Triple Net (NNN) lease, The property is offered at an attractive 7.6% capitalization rate delivering strong returns on investment.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Commercial

APN/PARCEL ID

535089-263-000-0003-004-002-0000

ASK ABOUT THIS PROPERTY

Amy SgromoJulie & Co RealtyMore Info
315-863-2777

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Amy SgromoJulie & Co RealtyMore Info
315-863-2777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.