2039 County Route 23 | Granville, NY 12832
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2039 County Route 23
Granville, NY 12832
Dollar General · Retail Property For Sale
Investment Highlights
- Long-Term 15-Year Triple-Net (NNN) Lease With Zero Landlord Responsibilities | 11+ Years Remaining
- Corporate Guarantee | Investment Grade | S&P Credit Rating "BBB"
- The Population Within 10 Miles of the Subject Property Exceeds 21,344 People
- 2020 Construction | Prototypical Free Standing Building | Corner Location With Ideal Visibility
- 10% Rent Increases Beginning at Each Option Period
- Average Household Income Exceeds $83,560 within a 5 Miles Radius
Executive Summary
Long-Term 15-Year Triple-Net (NNN) Lease With Zero Landlord Responsibilities | 11+ Years Remaining
2020 Construction | Prototypical Free Standing Building| Corner Location With Ideal Visibility
Corporate Guarantee | Investment Grade | S&P Credit Rating "BBB"
10% Rent Increases Beginning at Each Option Period
The Population Within 10 Miles of the Subject Property Exceeds 21,344 People
Average Household Income Exceeds $83,560 within a 5 Miles Radius
Visibility from Route 22 the State's Longest North-South Route and the Third Longest State Route Overall
2.6 Miles to Downtown Granville, NY
2020 Construction | Prototypical Free Standing Building| Corner Location With Ideal Visibility
Corporate Guarantee | Investment Grade | S&P Credit Rating "BBB"
10% Rent Increases Beginning at Each Option Period
The Population Within 10 Miles of the Subject Property Exceeds 21,344 People
Average Household Income Exceeds $83,560 within a 5 Miles Radius
Visibility from Route 22 the State's Longest North-South Route and the Third Longest State Route Overall
2.6 Miles to Downtown Granville, NY
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
9,300 SF
Building Class
B
Year Built
2020
Price
$1,573,228
Price Per SF
$169
Cap Rate
6.75%
NOI
$106,193
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.71 AC
Zoning
C - Commercial
Parking
30 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
237 FT on County Road 23
PROPERTY TAXES
| Parcel Number | 533289-107-000-0001-039-004-0000 | Improvements Assessment | $0 |
| Land Assessment | $14,000 | Total Assessment | $14,000 |
PROPERTY TAXES
Parcel Number
533289-107-000-0001-039-004-0000
Land Assessment
$14,000
Improvements Assessment
$0
Total Assessment
$14,000
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