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1133 State Route 22 15,103 SF 100% Leased Retail Building Cambridge, NY 12816 $1,356,443 CAD ($89.81 CAD/SF) 10.25% Cap Rate

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Investment Highlights

New paved parking Lot

New Parking lot lighting

Executive Summary

This well-maintained 15,103 square foot commercial building presents a investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General who 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 property also has a long term ground lease to Verizon for a tower. The property is Located on a sprawling 5-acre lot with room to construct another building on the property for additional income. The property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike. The leases are structured as a Triple Net (NNN) lease, The asking price is for the building, property and the Verizon Tower lease & easement is $1,250,000. If interested in just the Building and property without the Verizon tower lease and easement the asking price is $985,000.

VZW Locations - Survey DolGen Cambridge

Actual 24,25 & Proforma 26

Survey DolGen Cambridge

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront

Building Size

15,103 SF

Building Class

Year Built

1980

Price

$1,356,443 CAD

Price Per SF

$89.81 CAD

Cap Rate

10.25%

NOI

$139,097 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

2 Exterior

Building FAR

0.07

Lot Size

5.00 AC

Zoning

Commercial

Parking

50 Spaces (3.31 Spaces per 1,000 SF Leased)

Frontage

133’ on State Route 22

Air Conditioning

Major Tenants

Retailer
12,333 SF
$16.21 CAD
Triple Net
Feb 2029

DG est fière d'être le magasin général de quartier d'America. Nous nous efforçons de rendre les achats faciles et abordables grâce à des magasins pratiques et faciles à acheter partout aux États-Unis. Les magasins DG offrent tous les jours à bas prix des articles, notamment de la nourriture, des collations, des produits de santé et de beauté, des produits de nettoyage, des vêtements de base, des articles ménagers, des articles saisonniers, des produits en papier et bien plus encore des marques et produits les plus fiables des États-Unis, ainsi que des marques privées de haute qualité. Depuis la fondation de l'entreprise en 1939, Dollar General s'est engagé à servir ses clients avec valeur et commodité, en offrant des possibilités de carrière à ses employés ou en servant les communautés qu'ils considèrent comme leur maison par le biais de l'alphabétisation et de l'éducation.