40 East State St - Drug Store FOR SALE


Mount Morris, NY 14510
$1,182,720 USD
612-332-6600
40 East State St, Mount Morris, NY for Sale
$1,182,720 USD
Drug Store - FOR SALE
1/3
null | 7.5% Cap Rate

40 East State St
Mount Morris, NY 14510


HIGHLIGHTS

  • Dollar Tree is on a NN lease with approximately 8 years remaining.
  • Dollar Tree has S&P Rating of BBB with 9,000+ locations, revenues of $7.5 Billion.
  • This property is located in Mt. Morris, New York, a city located in western New York within Livingston County, 42 miles south of Rochester.
  • Letchworth State Park, located near Mount Morris, New York, attracts nearly 1 million visitors each year.
  • 5-mile average household income of $82,755 and population of 7,718.
  • Nearby tenants include McDonald’s, Walgreens, Dunkin, FedEx, Five Star Bank, etc.

OVERVIEW

*Tenant has an early termination clause in the lease. If sales are less than $1.1 million during 1/1/2029 - 12/31/2029, the tenant can terminate the Lease early.

FOR SALE DETAILS

PRICE

$1,182,720 USD

PRICE/SF

$115 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

Commercial

APN/PARCEL ID

243601-106-015-0001-071-001-0000

ASK ABOUT THIS PROPERTY

Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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