22 Clinton St, Gouverneur, NY 13642

This exceptional retail investment opportunity presents a 6,200-square-foot building situated on a 0.64-acre lot at 22 Clinton St, Gouverneur, NY 13642. The property boasts a strong 7.80% capitalization rate, driven by a stable, long-term net lease with a corporate guarantor. The current tenant, Rent-A-Center, has occupied the space since October 6, 1996, under a lease expiring November 30, 2030, leaving over six years remaining. The annual net operating income (NOI) is $39,714. The property benefits from a recent renovation completed in 2023, ensuring modern appeal and functionality. Located in a high-traffic area with over 4,600 vehicles daily on Clinton Street and an additional 11,800 on nearby W Main Street, the property enjoys excellent visibility and accessibility. The surrounding area features a dense retail corridor with national brands like Dollar General, Subway, Dunkin', McDonald's, and 7-Eleven, further enhancing its desirability. The proximity to Gouverneur High School (enrollment over 450 students) and RRH Gouverneur Hospital (25 beds) adds to the property's strategic location and potential for sustained growth. The building was originally constructed in 1950. This is a rare opportunity to acquire a well-located, income-producing retail property with a strong tenant and significant remaining lease term. The lease is a Double Net (NN) lease, minimizing landlord responsibilities.