Dollar General - Net Lease Property for Sale
Cohocton, NY
Key Investment Metrics
Price
$1,142,153
Cap Rate
7.8%
Net Operating Income
$89,088
Building Size
9002 SF
Lot Size
9,002 SF
Land Area
1.53 Acres
Remaining Term
8.6 years
Lease Expiration
07/31/2034
Lease Term
15 years
Lease Commencement
07/28/2019
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Cohocton, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 9002 square feet of building space.
With a cap rate of 7.8%, this Dollar General net lease property offers stable income potential. The asking price is $1,142,153, 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.
Cohocton, NY Market Overview
Located in Cohocton, NY, this Dollar General property benefits from strong local demographics and market fundamentals. The Cohocton area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.