This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike. Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income. The lease is structured as a Triple Net (NNN) lease, wherein the tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord responsibilities and expenses. The property is offered at an attractive 8% capitalization rate, delivering strong returns on investment. Centrally located, the property benefits from excellent visibility and accessibility, boosting foot traffic and sales.
Gallery
details
- Area (SqFt)
- 15103
- County
- Washington
- Price
- $1,025,000
- Buyer Brokerage Compensation:
- 2%
- MLS #
- 202612137
- Cooling:
- Central Air
- Heating:
- Forced Air
- Sub Type:
- Retail
- Lot Size:
- 439x430
- Lot Size Area:
- 5
- Construction:
- Block
- Lot Size Area Units:
- Acres
- Type:
- CRE
- Acres:
- 5
- Sub Type Text:
- Retail
- Zoned:
- Commercial
- Building Use:
- Retail
- Parking Features:
- Parking Total: 50
- Estimated Taxes:
- $19,739
- Year Built:
- 1980
Property Location
Property agent
Amy Farchione Sgromo is an expert when it comes to providing her clients with impeccable service and bringing desired outcomes to fruition for almost 20 years. With years of working in the service industry under her belt, Amy’s experience is not only in real estate but in the hospitality industry and local government as well.
Amy’s career in real estate began as a Licensed Commercial and Residential Realtor for the Greater Syracuse Association of Realtors. In her role as a multi-million-dollar producer, Amy extensively researched sites for the development of commercial property locations and built strong business relationships across multiple industries. By maintaining these strong connections, Amy was able to obtain repeat businesses both in residential and commercial real estate.