Property profile

391 Ny-414 Beaver Dams, NY 14812

OFF-MARKET
Retail properties & Spaces
9,026 SF 4 ac lot Built 2019
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 9,026-square-foot Dollar General store situated on a 4-acre lot in Beaver Dams, New York. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $94,338. Built in 2019, the single-story building is operating under a 15-year net lease (NNN), expiring December 5, 2034, with 10 years remaining. The lease includes a corporate guarantee from Dollar General, minimizing landlord responsibilities. The lease features 10% rent bumps and five 5-year renewal options, ensuring long-term stability and potential for increased returns. The property is zoned 02-SINGL and enjoys 100% occupancy. The asking price is $1,301,214, translating to a price per square foot of $144.16. This investment is further strengthened by the location's strong demographics, with average annual household incomes exceeding $71,000 within a 5-mile radius. The address is 391 NY-414, Beaver Dams, NY 14812. This is a turnkey investment ideal for passive income seekers.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2019
Total area 9,026 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

391 Ny-414 Beaver Dams, NY 14812
Beaver Dams metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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