6192 State Highway 12 - Freestanding FOR SALE


Norwich, NY 13815
$1,597,714 USD
215-603-6914
6192 State Highway 12, Norwich, NY for Sale
$1,597,714 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

6192 State Highway 12
Norwich, NY 13815


HIGHLIGHTS

  • Dollar General covers all taxes, insurance, and maintenance for fully passive ownership.
  • Corporately guaranteed by Dollar General (NYSE: DG), rated BBB with $40B+ in 2024 revenue and 20,000+ stores.
  • Large 2.67 acre parcel with 15-year absolute NNN lease through June 2036 with three 5-year options and 10% rent increases.
  • Located along State Highway 12 (14,280 VPD) near I-88, offering strong regional connectivity.
  • Serves as a key retail destination in Norwich, NY, with stable local demand.
  • Close to UHS Chenango Memorial Hospital, schools, and Norwich’s main retail corridor.

OVERVIEW

ABSOLUTE NNN LEASE - PASSIVE OWNERSHIP STRUCTURE Under the NNN lease, Dollar General is responsible for taxes, insurance, and maintenance—including roof and structure—resulting in zero landlord obligations and a fully passive, management-free investment. CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANT The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant rated BBB by Standard & Poor’s, with nationwide operations exceeding 20,000 locations and 2024 revenue over $40 billion. LONG-TERM NET LEASE WITH RENEWAL OPTIONS The property is subject to a 15-year absolute NNN lease commencing June 26, 2021, and expiring June 30, 2036, with approximately 10 years remaining. The lease includes three (3) five-year renewal options with 10% increases in each option, providing predictable income growth and long-term stability. IDEAL DOLLAR GENERAL SUBMARKET Dollar General serves as a primary source for grocery and household necessity items in Norwich, NY, a smaller community with a stable residential base. The property benefits from a strong local trade area and aligns with Dollar General’s focus on markets that combine consistent daily traffic with long-term population stability.

FOR SALE DETAILS

PRICE

$1,597,714 USD

PRICE/SF

$177 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Norwich, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

03

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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