Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 8125 Ny-12
- Year built
- 2024
- Lot size
- 1.99 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 12,480-square-foot Dollar General Market located at 8125 NY-12, Barneveld, NY 13304. The property sits on a 1.99-acre lot and boasts a 100% occupancy rate with a 14.9-year remaining lease term (commencing September 4, 2024, and expiring September 29, 2039). The absolute NNN lease structure ensures minimal landlord responsibilities, providing a passive income stream. The lease includes attractive 5% rent increases every five years throughout the primary term and five (5) 5-year options. The property's strong financial performance is reflected in its 6.70% cap rate and a net operating income (NOI) of $183,611. The asking price is $2,740,460, translating to a price per square foot of $219.59 and a price per unit of $2,740,460. The tenant, Dollar General Corporation, is a credit-rated entity with a corporate guarantee, mitigating risk. This location benefits from a healthy 5-mile demographic with over 5,500 residents and an average household income exceeding $103,000. The property serves as a primary source of retail goods in the area with limited competition. The building was constructed in 2024.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barneveld
- County
- Oneida
- State
- New York
- Longitude
- -75.1858
- Latitude
- 43.2566
