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Family Dollar 954 State St

8,320 SF Retail Building Schenectady, NY 12307 $1,657,253 ($199/SF) 7.50% Cap Rate

Retail Space New York Schenectady 954 State St, Schenectady, NY 12307

Investment Highlights

  • Strong Real Estate Fundaments - Located in Downtown Schenectady, NY, Approximately 17 Miles From The State Capital, Albany, NY
  • Stong Demographics - Over 110,200 Individuals Residing in a Three-Mile Radius of The Subject Property
  • Prime Target Market - Average Household Income Exceeds $78,900 Within a 3-Mile Radius and $89,600 Within a 5-Mile Radius

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Family Dollar located at 954 State St., Schenectady, NY 12305. The site consists of roughly 8,320 rentable square feet of building space on an estimated 0.96- acre parcel of land. This Family Dollar is subject to a 15-year Triple Net (NNN) lease, which commenced April 1st, 2016. The current annual rent is $124,294 and has scheduled increases of 10% in 2026 and in each option.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
8,320 SF
Building Class
C
Year Built
2016
Price
$1,657,253
Price Per SF
$199
Cap Rate
7.50%
NOI
$124,294
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.96 AC
Frontage
107 FT on State Street
1 of 1
954 State St, Schenectady, NY - aerial map view
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Trustco Bank
KeyBank
NBT Bank
The YMCA
Denny's
Market 32
Citizens Bank
CrossFit
Rent-A-Center
(332) 345-4222

Contacts

  • Listing ID: 32122438

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 954 State St, Schenectady, NY 12307

The Retail Property at 954 State St, Schenectady, NY 12307 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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954 State St, Schenectady, NY for sale Building Photo- Image 1 of 3
Family Dollar pic 1 954 State Street, Schenectady, NY
954 State St, Schenectady, NY for sale Aerial- Image 2 of 3
pic 2 Family Dollar 954 State Street, Schenectady

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Family Dollar | 954 State St
(332) 345-4222 x

Family Dollar | 954 State St

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Alexandre Marietto

(332) 345-4185

(332) 345-4185

Kyle Karsian

(332) 345-4271

(332) 345-4271

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