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    575 Broad St Waverly, NY 14892

    For Sale
    $857,142

    High-performing, 7% cap rate, NY retail.

    Property size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity features a top 1% nationally ranked Dollar General store (#6065) in Waverly, NY. The 9,100 square foot freestanding building, constructed in 2003 and situated on one acre, boasts a 25-year lease (expiring 10/31/2028) with a current remaining term of 3.9 years and a 5% rent bump on the renewal option. The property enjoys a prime location with high visibility and accessibility, benefiting from significant traffic counts (17,460 vehicles daily) off Interstate 86. With minimal competition and a strong, stable local economy, this Dollar General location consistently demonstrates exceptional performance. The asking price is $857,142, representing a 7.00% cap rate and a price per square foot of $94.19. The Net Operating Income (NOI) is $60,000. The lease is corporately guaranteed by Dollar General Corporation, providing investors with significant security and assurance. This is a rare opportunity to acquire a high-performing asset with a strong tenant and excellent long-term prospects. The property's strategic location and the tenant's proven track record contribute to its potential for long-term value appreciation. This investment offers a secure and lucrative return, making it an attractive option for discerning investors seeking stable income and capital growth.

    Property Features for 575 Broad St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,100 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2003

    HighLights

    • Top‑performing Dollar General store (top 1% nationally).
    • Strong market position with minimal grocery competition.
    • High‑traffic location on Interstate 86 (17,460 VPD).
    • Corporate lease guarantee from Dollar General Corporation.
    • Favorable lease terms with low replaceable rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Tioga
    State
    New York
    Longitude
    -76.5283006
    Latitude
    42.0023553

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    FAQs

    What type of property is this?
    Individual retail property - High-performing, 7% cap rate, NY retail.
    Where is this individual retail property located?
    The property is located at 575 Broad St Waverly, NY.
    What is the asking price?
    The asking price for this property is $857,142.
    What are key features of this property?
    This property features: Top-performing Dollar General store (top 1% nationally).; Strong market position with minimal grocery competition.; High-traffic location on Interstate 86 (17,460 VPD).
    Request Owner's contact information
    575 Broad St Waverly, NY 14892
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    575 Broad St Waverly, NY 14892
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