88 Volney St - Retail FOR SALE


Phoenix, NY 13135
$2,429,338 USD
619-218-6427
88 Volney St, Phoenix, NY for Sale
$2,429,338 USD
Retail - FOR SALE
1/3
null | 6.5% Cap Rate

88 Volney St
Phoenix, NY 13135


HIGHLIGHTS

  • Brand New 2025 Construction
  • 15-Year Absolute NNN Lease w/ 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • Excellent Visibility & Access Near Residential Neighborhoods and Key Corridors Connecting to Downtown Syracuse
  • Average Household Income Exceeds $100,000 (5-Mile Radius)
  • Located Just 15 Miles from Downtown Syracuse – A Thriving Economic Center Anchored by Major Healthcare Networks, Leading Universities

OVERVIEW

The subject property is a newly constructed, freestanding Dollar General Market located in Phoenix, NY, within the Syracuse MSA. The asset is secured by a brand-new 15-year absolute NNN lease with 5% rental increases every five years during the primary term and each of the four five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment-grade credit tenant rated BBB by Standard & Poor’s. Strategically positioned along Hwy 264 right off State Route 481 (20,000 VPD)—a key thoroughfare linking Phoenix to the greater Syracuse area—the property offers outstanding visibility, seamless access, and steady traffic flow, with direct connectivity to Interstate 81, I-90, and nearby regional airports. The area boasts a strong demographic profile, with average household income exceeding $100,000 within a 5-mile radius and projected to experience steady growth over the next five years. Located just 15 miles from downtown Syracuse, the property sits within reach of one of upstate New York’s most active and expanding economic hubs, driven by the education, healthcare, and logistics sectors. The site is surrounded by established residential neighborhoods and essential retail services, supporting long-term consumer demand and operational stability.

FOR SALE DETAILS

PRICE

$2,429,338 USD

PRICE/SF

$221 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | 15-Year Absolute NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

-

APN/PARCEL ID

355401-303-016-0003-001-000-0000

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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