273 S Stevens St - Retail FOR SALE


Shinglehouse, PA 16748
$2,230,754 USD
646-805-1491
273 S Stevens St, Shinglehouse, PA for Sale
$2,230,754 USD
Retail - FOR SALE
1/1
null | 6.5% Cap Rate

273 S Stevens St
Shinglehouse, PA 16748


OVERVIEW

?Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily, Providing Consistent Visibility And Accessibility For Customers ? Backed By Approximately 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation ? Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base And Supporting Long Term Tenant Stability ? Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic

FOR SALE DETAILS

PRICE

$2,230,754 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

240-001-028

ASK ABOUT THIS PROPERTY

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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Michael CardoneMarcus & MillichapMore Info
646-805-1491

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