135 E Main St - Freestanding FOR SALE


Angelica, NY 14709
$1,600,000 USD
760-448-2449
135 E Main St, Angelica, NY for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/10
null | 7.23% Cap Rate

135 E Main St
Angelica, NY 14709


HIGHLIGHTS

  • Dollar General Corporation (NYSE: DG) – S&P: BBB Credit Rating – Investment Grade Credit
  • Absolute NNN Lease – Long-Term Stability – Zero Landlord Responsibilities – Scheduled Rental Increases in Option Periods
  • Strategic Retail Location – Main Commercial Corridor – Convenient Access to Interstate 86, Providing Regional Connectivity
  • Established Retail Trade Area – Limited Direct Competition – Serves Broad Customer Base Throughout Surrounding Communities
  • Strong Long-Term Investment Characteristics – National Credit Tenant – Excellent Fit for 1031 Exchange and Private Capital Investors

OVERVIEW

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Dollar General located at 135 E. Main Street in Angelica, New York. Built in 2020, the 9,026-square-foot retail property sits on 1.56 acres and is leased to Dolgen New York, LLC, with a corporate guaranty from Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB credit rating from S&P. The property is subject to an absolute triple-net (NNN) lease, providing investors with truly passive ownership and zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

023201 120.19-1-38.2

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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