2039 County Rd Granville, NY 12832
- Retail properties
- 9,300 SF
- 1.71 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2039 County Rd
- Year built
- 2020
- Lot size
- 1.71 lot acres
- Property size
- 9,300 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,300 square foot Dollar General storefront located at 2039 County Rd 23, Granville, NY 12832. Built in 2020, this single-tenant property boasts a 15.1-year absolute triple-net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease commenced December 13, 2020, and has 11.1 years remaining, expiring December 31, 2035. The property features four (4) five (5)-year lease options with a 10% rent increase in each option period. The asking price is $1,573,228, representing a compelling cap rate of 6.75% and a price per square foot of $169.16. The current annual net operating income (NOI) is $106,192. Situated on a 1.71-acre lot, this free-standing building enjoys a corner location with excellent visibility. The property benefits from a strong demographic profile, with over 21,344 people residing within a 10-mile radius and an average household income exceeding $83,560 within a 5-mile radius. Its proximity to Route 22, a major state highway, further enhances its visibility and accessibility. This investment-grade property, with an S&P credit rating of "BBB", offers a secure and profitable long-term investment opportunity. There is no local competition.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granville
- County
- Washington
- State
- New York
- Longitude
- -73.291
- Latitude
- 43.4322
