110 State St Herkimer, NY 13350

This exceptional investment opportunity presents a fee-simple ownership of a 13,798 square foot retail property in Herkimer, NY. The property boasts two buildings situated on a 1.09-acre lot, featuring a Dollar General store as the anchor tenant. The Dollar General lease, a single-tenant, double net (NN) agreement, has approximately 2.5 years remaining on the base term with four, three-year lease options, each including rent bumps. The property also includes an additional building currently housing other businesses. Built in 2002 and renovated in 2012, the property offers 24 parking spaces and enjoys a prime location on a high-traffic section of State Street, with over 23,000 vehicles passing daily. The strong demographics of the area, with over 26,000 people within a 5-mile radius and an average annual household income exceeding $63,000, contribute to the property's significant potential. The property's location within a thriving retail corridor, near national brands like Lowe's and McDonald's, further enhances its value. This presents a compelling value-add opportunity, with potential for future development or owner-operator use. The asking price is $2,000,000. The property's current net operating income is $59,884. This is a Class A property with excellent visibility and strong tenant occupancy.