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7 Cap Absolute NNN 10 Year Dollar General 3266 NY 29A 9,250 SF Retail Building Caroga Lake, NY 12032 $2,155,031 CAD ($232.98 CAD/SF) 7% Cap Rate
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,250 SF
Building Class
C
Year Built
2020
Price
$2,155,031 CAD
Price Per SF
$232.98 CAD
Cap Rate
7%
NOI
$150,853 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.15 AC
Frontage
145’ on 29a
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $16.30 CAD
- Triple Net
- Oct 2035
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $16.30 CAD | Triple Net | Oct 2035 |
Property Taxes
| Parcel Number | 172400 83.-1-1.2 | Improvements Assessment | $564,465 CAD |
| Land Assessment | $99,209 CAD | Total Assessment | $663,674 CAD |
Property Taxes
Parcel Number
172400 83.-1-1.2
Land Assessment
$99,209 CAD
Improvements Assessment
$564,465 CAD
Total Assessment
$663,674 CAD
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7 Cap Absolute NNN 10 Year Dollar General | 3266 NY 29A
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