1133 State Route 22
$1,025,000
Cambridge, NY 12816
15,103 sq. ft. , 5.00 Acres
Julie Bonacio
Julie & Co Realty LLC
lucrative investment opportunity!
1133 State Route 22. This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike. Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income. The lease is structured as a Triple Net (NNN) lease, wherein the tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord responsibilities and expenses. The property is offered at an attractive 8% capitalization rate, delivering strong returns on investment. Centrally located, the property benefits from excellent visibility and accessibility, boosting foot traffic and sales.
Features
- Price: $1,025,000.00
- 15,103 sq. ft.
- Lot Size: 5.00 Acres
- Zip: 12816