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    New Dollar General Market Lease Title is generated by Realmo AI

    8125 State Route 12, Barneveld, NY

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    New 15-year Dollar General Market lease in Barneveld, NY.

    Type:RETAIL
    Property size:
    12,480 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $219/SF
    Added:
    Aug 9, 2024
    Days on Market:
    674
    Last Refresh:
    May 20 at 9:07 pm

    Property Features for 8125 State Route 12

    General Information

    Standard status
    Active
    Size
    12,480 SF
    Lot size
    1.99 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Cody Crist

    Listing agent Chance Hales License #TX 697980

    Listing office Trinity Real Estate Investment Services - Corporate

    Listing date Aug 9, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

    HighLights

    • Absolute NNN Lease With Zero Landlord Responsibilities
    • Corporately Guaranteed by Dollar General Corporation, operating 20,000+ stores and #108 on the Fortune 500 List
    • Attractive 5% Rental Increase Every 5 Years throughout Primary Term and Options
    • Affluent Community with an average household income of $103,000+ within a 5‑mile radius
    • Limited Retail Competition - Primary Source of Retail Goods in the Area
    • Brand New 15‑Year Dollar General Market Lease with Rent Set to Commence September 2024

    Overview

    This property features a brand new 15-year Dollar General Market lease, set to commence in September 2024. The lease is absolute NNN, meaning zero landlord responsibilities. It includes an attractive 5% rental increase every 5 years throughout the primary term and options. The property is located within a healthy 5-mile demographic for a dollar store, with over 5,500 residents and an affluent community having an average household income of $103,000+ within a 5-mile radius. There is limited retail competition, making it a primary source of retail goods in the area. The location is 8 miles away from Hickory Hollow Airport. The lease is corporately guaranteed by Dollar General Corporation, which operates over 20,000 stores and is #108 on the Fortune 500 list. The property size is 12480 square feet and is located at 8125 State Route 12, Barneveld, NY.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $202.2k $16.20
    − Vacancy −$10.5k −$0.84
    EGI $191.7k $15.36
    − OpEx −$47.9k −$3.84
    NOI $143.7k $11.52
    12,480 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.05M
    $1.80M – $2.40M (±1% cap)
    NOI $143,747 @ 7.0% cap · market cap 5.25%
    Second Best
    Retail
    $1.79M
    $1.57M – $2.09M (±1% cap)
    NOI $125,536 @ 7.0% cap · market cap 4.58%
    Theoretical Best
    Office A
    $3.29M
    $2.88M – $3.84M (±1% cap)
    NOI $230,211 @ 7.0% cap · market cap 8.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Bar & Pub Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Barneveld
    County
    Oneida
    State
    New York
    Longitude
    -75.1727
    Latitude
    43.217

    FAQs

    What type of property is this?
    Grocery and convenience store - New 15-year Dollar General Market lease in Barneveld, NY.
    Where is this grocery and convenience store located?
    The property is located at 8125 State Route 12 Barneveld, NY.
    What is the asking price?
    The asking price for this property is $2,740,460.
    What are key features of this property?
    This property features: Absolute NNN Lease With Zero Landlord Responsibilities; Corporately Guaranteed by Dollar General Corporation, operating 20,000+ stores and #108 on the Fortune 500 List; Attractive 5% Rental Increase Every 5 Years throughout Primary Term and Options
    (817) 304-8916 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cody Crist
    Real Estate License ID: TX 697980
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