1840 Ausable St Keeseville, NY 12944
- Retail properties
- 9,026 SF
- 1.10 lot acres
Current Use by Public Records
- Redbox / Dvd Store / Movie Rental Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
- Dollar General / Discount Store / Drug Store
Property Details for 1840 Ausable St
- Year built
- 2011
- Lot size
- 1.10 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,026 square foot Dollar General storefront located at 1840 N Ausable St, Keeseville, NY 12944. The property sits on a 1.1-acre lot and was built in 2011. Currently operating under an Absolute NNN lease with a credit-rated, corporate-guaranteed tenant, this property offers significant long-term stability. The lease features a remaining term of 6.9 years, with three 5-year options available. Rent bumps are structured with options for 13%, 10%, and 10% increases. The asking price is $1,405,833, representing a compelling cap rate of 7.20% and a price per square foot of $155.75. The property generates a substantial net operating income (NOI) of $101,220 annually. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax-deferred exchanges. The property's strong tenant, long lease term, and built-in rent increases make this a low-maintenance, high-yield investment opportunity. This is a single-tenant property with zero landlord responsibilities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keeseville
- County
- Clinton
- State
- New York
- Longitude
- -73.4749
- Latitude
- 44.5102
