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273 S Stevens St 10,982 SF Retail Building Shinglehouse, PA 16748 $3,133,228 CAD ($285.31 CAD/SF) 6.50% Cap Rate
Executive Summary
?Absolute Net (NNN) DG Market with Zero Landlord Responsibilities And A Strategic Location Along South Stevens Street, Where More Than 1,900 Vehicles Pass Daily, Providing Consistent Visibility And Accessibility For Customers
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Backed By Approximately 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
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Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base And Supporting Long Term Tenant Stability
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Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
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Backed By Approximately 12.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
?
Benefiting From A Highly Desirable Competitive Position, The Subject Property Is The Only DG Market Or Dollar General Within A 10-Mile Radius, Creating A Captive Customer Base And Supporting Long Term Tenant Stability
?
Positioned Less Than One Mile From Two Prominent Schools, Oswayo Valley School District And Oswayo Elementary School, With More Than 400 Students Enrolled Helping Support Recurring Traffic
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,982 SF
Building Class
B
Year Built
2023
Price
$3,133,228 CAD
Price Per SF
$285.31 CAD
Cap Rate
6.50%
NOI
$203,660 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.67 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 240-001-028 | Improvements Assessment | $212,482 CAD |
| Land Assessment | $23,456 CAD | Total Assessment | $235,938 CAD |
Property Taxes
Parcel Number
240-001-028
Land Assessment
$23,456 CAD
Improvements Assessment
$212,482 CAD
Total Assessment
$235,938 CAD
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273 S Stevens St
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