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6.15 Cap | Absolute NNN 12 Yr Dollar General 3266 NY 29A

9,250 SF Retail Building Caroga Lake, NY 12032 £1,415,884 (£153/SF) 6.15% Net Initial Yield

Investment Highlights

  • Dollar General Corporation is rated "BBB" by S&P and has a proven track record of success
  • Absolute NNN 15-Year lease provides stable income for a long period
  • Corporate guaranteed lease - no landlord responsibilities
  • The absence of significant competition in the grocery market ensures stable sales for Dollar General
  • 10% rental increases in each of the four 5-year options

Executive Summary

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Dollar General located in Caroga Lake, NY.
This Dollar General is new construction located at the junction of NY State Route 29A and NY State Route 10 in the southern part of the Adirondack Mountains and to the northeast of Albany, the state capital.

Attachments

Dollar General - Caroga Lake NY

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,250 SF
Building Class
C
Year Built
2020
Price
£1,415,884
Price Per SF
£153
Net Initial Yield
6.15%
NOI
£87,077
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
2.15 AC
Frontage
145 ft on 29a

Amenities

  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 172400 83.-1-1.2 Improvements Assessment £322,761
Land Assessment £56,728 Total Assessment £379,488

PROPERTY TAXES

Parcel Number
172400 83.-1-1.2
Land Assessment
£56,728
Improvements Assessment
£322,761
Total Assessment
£379,488
(561) 602-8390

Contact

  • Listing ID: 29450943

  • Date on Market: 06/09/2023

  • Last Updated:

  • Address: 3266 NY 29A, Caroga Lake, NY 12032

The Retail Property at 3266 NY 29A, Caroga Lake, NY 12032 is currently available for sale. Contact Colliers for more information.

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6.15 Cap | Absolute NNN 12 Yr Dollar General | 3266 NY 29A
(561) 602-8390 x

6.15 Cap | Absolute NNN 12 Yr Dollar General | 3266 NY 29A

Christopher Twist

(561) 602-8390

(561) 602-8390

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