1840 Ausable St Keeseville, NY 12944

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.