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22 Clinton St Gouverneur, NY 13642

Sponsored
For Sale
$510,000

7.8% Cap Rate, 6,200 SF, NNN Lease

Property size:
6,200 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 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

HighLights

  • 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.
  • High Traffic Area: Located on Clinton Street (4,600+ VPD) and near W Main Street (11,800+ VPD).
  • Dense Retail Location: Strong retail corridor with national tenants including Dollar General, Subway, Dunkin', McDonald's, and 7‑Eleven.
  • Proximity to Key Institutions: Half‑mile from Gouverneur High School (450+ students) and RRH Gouverneur Hospital (25 beds).
Property Profile Location Intelligence

Current Use by Public Records

Rent-A-Center Furniture Store

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Gouverneur
County
St. Lawrence
State
New York
Longitude
-75.4692008
Latitude
44.3357666

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.
More about this property
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