Dollar Tree New 10-Yr NN Lease
$2,500,000
4 Morgan Street, Ilion, NY 13357
For Sale
Retail
Free Standing
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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