Family Dollar for Sale in Schenectady, NY
Schenectady, NY
Key Investment Metrics
Price
$1,519,000
Cap Rate
9.0%
Net Operating Income
$136,723
Building Size
8320 SF
Land Area
0.96 Acres
Remaining Term
5 years
Lease Expiration
05/31/2031
Lease Term
15 years
Lease Commencement
04/01/2016
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2016
Occupancy
100%
Tenancy
Single
Rent Increases
10% Each Option
AI illustration · Not the listed propertyProperty overview
Family Dollar in Schenectady
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,320 SF
- Land area
- 0.96 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2031
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.