For Sale
$1,113,600

19 Dansville St Cohocton, NY 14826

High-Yield NNN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 10-year remaining lease on a Dollar General storefront located at 19 N Dansville St, Cohocton, NY 14826. The property is a single-tenant, absolute NNN lease with a corporate guarantee, significantly reducing landlord responsibilities and risk. The current asking price is $1,113,600. The lease features a 15-year initial term with built-in rent increases of 10% at each option period, providing predictable and growing income. This strategically located retail property benefits from its position in Cohocton, Steuben County, New York, within a well-established commercial area. The property's strong tenant and lease terms make it an attractive investment for those seeking stable, long-term returns. The absolute NNN lease structure ensures minimal landlord responsibilities, including property taxes, insurance, and maintenance. The corporate guarantee provides additional security and peace of mind. This is a rare opportunity to acquire a high-quality, passively managed retail investment with significant upside potential. The property's location and the strength of the Dollar General brand contribute to its strong investment profile. With a substantial remaining lease term and built-in rent increases, this property offers a compelling investment opportunity for discerning buyers. Detailed financial information is available upon request.

Highlights

  • 10-year remaining term on a 15-year absolute NNN lease with renewal options at 10% rent increases.
  • Corporate guaranteed lease.

Property Details for 19 Dansville St

Property type
Retail properties, Retail space

Location Insight

City
Cohocton
County
Steuben
State
New York
Latitude
42.505373
Longitude
-77.509007

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Investment
Where is the retail property located?
The property is located at 19 Dansville St Cohocton, NY.
What is the asking price?
The asking price for this property is $1,113,600.
What are key features of this property?
This property features: 10-year remaining term on a 15-year absolute NNN lease with renewal options at 10% rent increases.; Corporate guaranteed lease.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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19 Dansville St
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