22 Clinton St Gouverneur, NY 13642
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7.8% Cap Rate, 6,200 SF, NNN Lease
Property size:
6,200 SFProperty Features for 22 Clinton St
General Information
- Property type
- Retail properties
- Square Feet
- 6,200 SF
- Lot Size
- 27,878 SF
Building Details
- Year Built/Renovated
- 1950/2023
Listing Agency: NNN Pro Group Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional retail investment opportunity presents a 6,200-square-foot building situated on a 0.64-acre lot at 22 Clinton St, Gouverneur, NY 13642. The property boasts a strong 7.80% capitalization rate, driven by a stable, long-term net lease with a corporate guarantor. The current tenant, Rent-A-Center, has occupied the space since October 6, 1996, under a lease expiring November 30, 2030, leaving over six years remaining. The annual net operating income (NOI) is $39,714. The property benefits from a recent renovation completed in 2023, ensuring modern appeal and functionality. Located in a high-traffic area with over 4,600 vehicles daily on Clinton Street and an additional 11,800 on nearby W Main Street, the property enjoys excellent visibility and accessibility. The surrounding area features a dense retail corridor with national brands like Dollar General, Subway, Dunkin', McDonald's, and 7-Eleven, further enhancing its desirability. The proximity to Gouverneur High School (enrollment over 450 students) and RRH Gouverneur Hospital (25 beds) adds to the property's strategic location and potential for sustained growth. The building was originally constructed in 1950. This is a rare opportunity to acquire a well-located, income-producing retail property with a strong tenant and significant remaining lease term. The lease is a Double Net (NN) lease, minimizing landlord responsibilities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rent-A-Center
Furniture & Home Goods
Location Insight
- Map
- Local Demand
- City
- Gouverneur
- County
- St. Lawrence
- State
- New York
- Longitude
- -75.4692008
- Latitude
- 44.3357666
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FAQs
What type of property is this?
Retail property - 7.8% Cap Rate, 6,200 SF, NNN Lease
Where is this retail property located?
The property is located at 22 Clinton St Gouverneur, NY.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Long-Term Net Lease: 7-year lease with over 6 years remaining, minimal landlord responsibilities.; Corporate Guarantee: Strong corporate guarantee from Upbound Group (NASDAQ: UPBD), operating approximately 2,900 stores.; Established Tenant & Recent Renovation: Tenant occupied since 1996, property renovated in 2023.