For Sale
$857,142

575 Broad StWaverly, NY 14892

High-performing, 7% cap rate, NY retail.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity features a top 1% nationally ranked Dollar General store (#6065) in Waverly, NY. The 9,100 square foot freestanding building, constructed in 2003 and situated on one acre, boasts a 25-year lease (expiring 10/31/2028) with a current remaining term of 3.9 years and a 5% rent bump on the renewal option. The property enjoys a prime location with high visibility and accessibility, benefiting from significant traffic counts (17,460 vehicles daily) off Interstate 86. With minimal competition and a strong, stable local economy, this Dollar General location consistently demonstrates exceptional performance. The asking price is $857,142, representing a 7.00% cap rate and a price per square foot of $94.19. The Net Operating Income (NOI) is $60,000. The lease is corporately guaranteed by Dollar General Corporation, providing investors with significant security and assurance. This is a rare opportunity to acquire a high-performing asset with a strong tenant and excellent long-term prospects. The property's strategic location and the tenant's proven track record contribute to its potential for long-term value appreciation. This investment offers a secure and lucrative return, making it an attractive option for discerning investors seeking stable income and capital growth.

Highlights

  • Top-performing Dollar General store (top 1% nationally).
  • Strong market position with minimal grocery competition.
  • High-traffic location on Interstate 86 (17,460 VPD).
  • Corporate lease guarantee from Dollar General Corporation.
  • Favorable lease terms with low replaceable rent.

Property Details for 575 Broad St

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2003
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Waverly
County
Tioga
State
New York
Latitude
42.0023553
Longitude
-76.5283006
575 Broad St, Waverly, New York

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575 Broad St
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