Dollar General for Sale in Sherburne, NY
Sherburne, NY
Key Investment Metrics
Price
$1,448,000
Cap Rate
8.2%
Net Operating Income
$118,000
Building Size
7735 SF
Land Area
1.79 Acres
Remaining Term
7.5 years
Lease Expiration
07/31/2033
Lease Term
8 years
Lease Commencement
08/01/2025
Lease Type
Net
Tenant Credit
Credit Rated
Year Built
1973
Tenancy
Single
Rent Increases
10% rental increases each option period
Property overview
Dollar General in Sherburne
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,735 SF
- Land area
- 1.79 acres
- Year built
- 1973
- Lease type
- Net
- Lease expiration
- 07/31/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.