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.
Listing By
Agency Name: Julie & Co Realty LLC
Agency Phone: 1 518-350-7653
Shown By
Agent Name: Harold Baldwin
Agent Phone:
Agency Title: CKM Team Realty
1133 State Route 22 | MLS# 202612137
This commercial property located at 1133 State Route 22, Cambridge, NY 12816 is currently listed for sale with an asking price of $1,025,000. Search Cambridge real estate on www.newyorkcliftonparkhomes.com today.