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Off Market
1/3

5354 NY 233
Westmoreland, NY 13490


HIGHLIGHTS

  • Ideal 1031 exchange property for an investor seeking a reliable source of passive income
  • Brand new 2019 construction completed in November
  • Long-term 15-Year absolute NNN lease; Zero management responsibilities
  • Four, 5-Year extension options, all of which include an attractive 10% rental increase

OVERVIEW

Corporately guaranteed lease from Dollar General Corporation Westmoreland is a suburb of Utica and is located just 10-miles West of downtown; 35-miles East of downtown Syracuse 5-mile population of 21,200 residents 7-mile population of 64,500 residents Dollar General is considered the strongest discount retailer Dollar General boasts an extremely strong investment grade credit rating of BBB (S&P) Dollar General recently formed a strategic partnership with FedEx and Western Union: the partnership will encourage a more diverse customer base, of which they believe will stick around and shop

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

9100

STORIES

1

YEAR BUILT

2019

SPRINKLERS

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PARKING SPACES

30

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

306800 302.000-1-67.4