41 W Main St - Freestanding FOR SALE


Fonda, NY 12068
$760,000 USD
312-957-7212
41 W Main St, Fonda, NY for Sale
$760,000 USD
Freestanding - FOR SALE
1/7
null | 8.21% Cap Rate

41 W Main St
Fonda, NY 12068


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Operating Expense Protection
  • Investment Grade Credit
  • Strategic Location
  • Recession Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 41 W Main Street in Fonda, New York (the “Property”). Dollar General has been at this location since 2005 and has exercised several renewals demonstrating their commitment to the site and the market. Dollar General has 4+ years remaining on their lease with one (1), 5-year renewal option remaining. The lease calls for an attractive 9.6% rent increase at the start of the renewal option. The Property is strategically situated along W. Main Street (NY Route 5), Fonda’s primary retail and commuter artery, providing strong visibility and accessibility within the market. Dollar General occupies a central in-town location, benefiting from proximity to key demand drivers including area schools, the Fonda Fairgrounds, Fonda Speedway, established residential neighborhoods, local retailers and restaurants, and nearby industrial and manufacturing employers. The site offers excellent regional connectivity with convenient access to NY Routes 30A, 334, 31, 5S, and 116, and is located approximately 1.6 miles from Interstate 90 (New York State Thruway). This strategic positioning supports consistent consumer traffic and efficient access throughout the broader Mohawk Valley region. Fonda is situated along the south bank of the Mohawk River, approximately 40 miles northwest of Albany and about 20 miles west of Schenectady, providing access to larger employment centers while maintaining a distinctly small-town character.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

05

APN/PARCEL ID

273201-035-011-0002-043-000-0000

ASK ABOUT THIS PROPERTY

Michael MintzHorvath & TremblayMore Info
312-957-7212

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

Michael MintzHorvath & TremblayMore Info
312-957-7212

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