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1322 W State St Olean, NY 14760

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For Sale
$1,488,100

Absolute NNN leased Dollar General in Olean, NY for sale.

Property size:
11,440 SF

Property Features for 1322 W State St

General Information

Size
11,440 SF

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Listing Contact
Brian Donovan
Brian Donovan
Source: Donovanres

Listing Agent: Brian Donovan

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

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Property Insight Report

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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

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.
More about this property
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