6.15 Cap | Dollar General | Caroga Lake NY

3266 New York 29A, Caroga Lake, NY

$1,807,588

Price

6.15%

Cap Rate

$111,167

NOI

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Street
Map
Overview
Cap Rate
6.15%
NOI
$111,167
Building Size
9,250 sqft
Lot Area
2.146 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2020
Tenancy
Single
Lease Expire Year
10/31/2035
Description

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Dollar General (#20951), 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.

Highlights
  • Dollar General Corporation is rated “BBB” by S&P and has a proven track record of success
  • The absence of significant competition in the grocery market ensures stable sales for Dollar General
  • Absolute NNN 15-year lease proves stable income for a long period
  • 10% rental increases in each of the four 5-year options
  • Corporate guaranteed lease - No landlord responsibilities
Documents
Title
Dollar_General_-_Caroga_Lake_NY.pdf
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Location
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