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. 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. The asking price is for the building and property only and excludes the Verizon Tower lease and easement. If interested in the tower lease and easement asking price is $1,300,000

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.