391 Ny-414Beaver Dams, NY 14812
- Retail properties
- 9,026 SF
Property Details for 391 Ny-414
- Year built
- 2019
- Lot size
- 4.00 AC
- Property size (Sq ft)
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 9,026-square-foot Dollar General store situated on a 4-acre lot in Beaver Dams, New York. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $94,338. Built in 2019, the single-story building is operating under a 15-year net lease (NNN), expiring December 5, 2034, with 10 years remaining. The lease includes a corporate guarantee from Dollar General, minimizing landlord responsibilities. The lease features 10% rent bumps and five 5-year renewal options, ensuring long-term stability and potential for increased returns. The property is zoned 02-SINGL and enjoys 100% occupancy. The asking price is $1,301,214, translating to a price per square foot of $144.16. This investment is further strengthened by the location's strong demographics, with average annual household incomes exceeding $71,000 within a 5-mile radius. The address is 391 NY-414, Beaver Dams, NY 14812. This is a turnkey investment ideal for passive income seekers.
Location Insight
- City
- Beaver Dams
- County
- Chemung
- State
- New York
- Latitude
- 42.2513
- Longitude
- -76.9577
Comparable in this City
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