Dollar General PLUS - Net Lease Property for Sale
Lodi, NY
Key Investment Metrics
Price
$1,606,545
Cap Rate
6.6%
Net Operating Income
$106,032
Building Size
10566 SF
Lot Size
10,566 SF
Land Area
2.3 Acres
Remaining Term
13.5 years
Lease Expiration
11/30/2038
Lease Term
15 years
Lease Commencement
12/01/2023
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5-Years
About This Dollar General PLUS Net Lease Property
This Dollar General PLUS NNN (triple net lease) property is located in Lodi, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 10566 square feet of building space and was built in 2023.
With a cap rate of 6.6%, this Dollar General PLUS net lease property offers stable income potential. The asking price is $1,606,545, making it an attractive option for 1031 exchange investors seeking quality Dollar General PLUS commercial properties.
Why Invest in Dollar General PLUS NNN Properties?
- Stable Income: Dollar General PLUS net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General PLUS is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lodi, NY Market Overview
Located in Lodi, NY, this Dollar General PLUS property benefits from strong local demographics and market fundamentals. The Lodi area offers excellent visibility and accessibility, making it an ideal location for Dollar General PLUS operations and a solid investment for net lease property buyers.