This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
7463 State Route 5 Hwy
Bloomfield, NY 14469
New NNN Dollar General | New York Location · Retail Property For Sale
PROPERTY FACTS
ABOUT 7463 STATE ROUTE 5 HWY , BLOOMFIELD, NY 14469
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Bloomfiled, NY. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , and is classified Investment Grade. This Dollar General is strategically positioned on State Route 5, a main thoroughfare in Bloomfield, NY. The population within a five mile radius from the Dollar General location is greater than 7,000, with the average household income within a one mile radius being $98,783. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.45% cap rate based on NOI of $91,119.96.
PROPERTY TAXES
| Parcel Number | 322689-080-000-0001-009-200 | Improvements Assessment | $1,112,000 |
| Land Assessment | $175,000 | Total Assessment | $1,287,000 |
PROPERTY TAXES
