Dollar General | 68 Main St
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Dollar General 68 Main St
10,818 SF Retail Building Binghamton, NY 13905 $1,549,300 ($143/SF) 8% Cap Rate
Investment Highlights
- Dollar General Conversion Store With Brand New 10-Year Double Net (NN) Lease | Minimal Landlord Responsibilities
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option
- Two Points of Ingress/Egress Along Main Street, Seeing 12,900+ Vehicles Per Day
- Lease Commenced in April 2024
- New Roof Installed in 2024 With a Transferable Warranty | Property Features Large Parking Lot with Pylon Sign and Excellent Visibility Along Main St.
- Situated On a Signalized Intersection With Easy Access From Both Streets
Executive Summary
- Open upon completion of new roof October 1st Estimated
- 10 yr NN Lease
- New Roof currently being installed - 25yr roof warranty
- Site is a conversion of a former CVS Store
- Great Traffic Counts, Demos, Dense Market with Rooftops
- Corporate Guarantee | Dollar General is an Investment Grade Tenant (S&PCreditRating:‘BBB’)
- 10 yr NN Lease
- New Roof currently being installed - 25yr roof warranty
- Site is a conversion of a former CVS Store
- Great Traffic Counts, Demos, Dense Market with Rooftops
- Corporate Guarantee | Dollar General is an Investment Grade Tenant (S&PCreditRating:‘BBB’)
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,944
|
$11.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,944
|
$11.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $123,944 |
| Annual Per SF | $11.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,944 |
| Annual Per SF | $11.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,818 SF
Building Class
C
Year Built/Renovated
1970/2024
Price
$1,549,300
Price Per SF
$143
Cap Rate
8%
NOI
$123,944
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Land Acres
0.78 AC
Zoning
Commerical
Parking
30 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
43 FT on Main St
Amenities
- Bus Line
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Dollar General
- Accommodation and Food Services
- 10,818 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Dollar General | Accommodation and Food Services | 10,818 SF | - | - |
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 030200-160-039-0002-007-000-0000 | Improvements Assessment | $241,100 (2023) |
| Land Assessment | $108,900 (2023) | Total Assessment | $350,000 (2023) |
PROPERTY TAXES
Parcel Number
030200-160-039-0002-007-000-0000
Land Assessment
$108,900 (2023)
Improvements Assessment
$241,100 (2023)
Total Assessment
$350,000 (2023)
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Dollar General | 68 Main St
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