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6028 Trenton Rd

10,640 SF Retail Building Utica, NY 13502 £1,533,229 (£144/SF) 7.50% Net Initial Yield

Investment Highlights

  • New 15 Year Absolute NNN Lease
  • Corporate Guarantee
  • Scheduled Rental Increases
  • Zero Landlord Obligations
  • Brand New Construction
  • Close Proximity to Highway 12 & SUNY Polytechnic Institute (1,990 Students)

Executive Summary

The Kase Group is pleased to present the opportunity to purchase a
brand new Dollar General located in Buffalo, New York. The building
consists of 10,640 SF situated on a 1.54 acre lot and just underwent
new construction and designing in compliance to the tenants prototype.
The store is projected to open in October 2024 with a new 15 year
absolute NNN lease with 5% increases every 5 years and five, 5-year
renewal options. The store benefits from its close proximity to Highway
12 and the SUNY Polytechnic Institute (1,990 Students). The site is
nearby the Riverside Center featuring retailers such as Walmart, Lowe's
Home Improvement, Five Guys, Applebee's Grill + Bar & more.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
£1,533,229
Price Per SF
£144
Net Initial Yield
7.50%
NOI
£114,992
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.54 AC
Zoning
PD - Planned Development
Frontage
300 ft on Trenton Rd

Amenities

  • Wheelchair Accessible
  • Listing ID: 33993982

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 6028 Trenton Rd, Utica, NY 13502

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