1322 W State St Olean, NY 14760
Property Features for 1322 W State St
General Information
- Size
- 11,440 SF
Source:
Donovanres
Listing Agent: Brian Donovan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Leased Dollar General Investment
This is an opportunity to acquire a Dollar General investment property located in Olean, NY. The tenant has recently signed a new 10-year lease with two 5-year options to extend, demonstrating their commitment to the site. The lease includes 10% rental increases at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The property is a small retail store located in Olean, the largest city in Cattaraugus County and one of the principal cities in the Southern Tier of Upstate New York. The site is situated on a four-way intersection, minutes from St. Bonaventure University. The initial lease term is 10 years, with two 5-year options that include 10% increases. The tenant pays utilities, taxes, and maintains all aspects of the premises. There are no landlord responsibilities, and the lease features a corporate guaranty.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Jeffrey Stromberg
Health
Cardtronics
Atm
Victor A. Vena, RPh
Pharmacy
Similar Places Nearby
Mandy's Flowers, Mandys Flowers &Tuxedo Junction
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4453333
- Latitude
- 42.0778526
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Absolute NNN leased Dollar General in Olean, NY for sale.
Where is this storefront property located?
The property is located at 1322 W State St Olean, NY.
What is the asking price?
The asking price for this property is $1,488,100.
What are key features of this property?
This property features: - Absolute NNN lease with zero landlord responsibilities, offering a completely passive investment.; - Brand new 10-year lease with Dollar General, demonstrating commitment to the location.; - Two 5-year options to extend the lease, providing long-term investment security.