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Dollar Tree New 10-Yr NN Lease

$2,500,000

4 Morgan Street, Ilion, NY 13357

Active
Last Updated: 11/11/2024

6.63

Cap Rate

165,756

NOI

Details:
Cap Rate:    6.63%
NOI:    $165,756
Building Size:    14,599 sqft
Lot Area:    1.3 acres
Class:    A
Year Built:    2004
Highlights:
  • Quality Construction All-Brick Building w/ Drive-Thru | Drugstore Prototype
  • Double Net Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Fresh 10-Yr Term Remaining | Options to Extend w/ 10% Increases in Options
  • Corporate Guarantee | Credit Rating: S&P "BBB" | Investment Grade
  • Hard Corner Main on Main Location | Signalized Intersection | Ease of Access
  • Adjacent to Leading Dollar General in the Country (#4 Dollar General in New York)
  • Population in a 3-Mile Radius Exceeds 22,506 w/ An Average HH Income of $84,143
  • Neighboring Tenants Include: Walgreens, McDonald's, Aldi, Dollar General, O'Reilly Auto Parts, Dunkin Donuts, Kinney Drugs, and Many More
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