Dollar General - Net Lease Property for Sale
Caroga Lake, NY
Key Investment Metrics
Price
$1,646,913
Cap Rate
6.8%
Net Operating Income
$111,167
Building Size
9250 SF
Lot Size
9,250 SF
Land Area
2.146 Acres
Remaining Term
9.8 years
Lease Expiration
10/31/2035
Lease Term
15.1 years
Lease Commencement
10/15/2020
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
10%
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Caroga Lake, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 9250 square feet of building space and was built in 2020.
With a cap rate of 6.8%, this Dollar General net lease property offers stable income potential. The asking price is $1,646,913, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General 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.
Caroga Lake, NY Market Overview
Located in Caroga Lake, NY, this Dollar General property benefits from strong local demographics and market fundamentals. The Caroga Lake area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.