325 Clinton St Binghamton, NY 13905-2017

This exceptional investment opportunity presents a freestanding Dollar General store located at 325 Clinton St, Binghamton, NY 13905. The 6,960 square foot building sits on a 0.79-acre lot and boasts a strong 11.15% cap rate, generating a net operating income (NOI) of $44,064. Built in 1970, this property benefits from a corporate-guaranteed, triple-net (NNN) lease with Dollar General, an essential retailer with an investment-grade credit rating ("BBB" with S&P) and a positive/stable outlook. The current lease, with a remaining term of three years, includes a three-year option period, demonstrating the tenant's long-term commitment to this location. The tenant has operated at this site for 21 years, extending their lease two years early in 2022. This property is strategically positioned in a densely populated area, with over 15,000 residents within a one-mile radius and over 72,000 within a three-mile radius, further enhanced by the proximity to Binghamton University (a 10-minute commute from approximately 18,000 students) and a daytime employee population exceeding 72,000 within a three-mile radius. The asking price is $395,000, translating to a price per square foot of $56.75. This is a resilient, recession-resistant investment, anchored by a Fortune 500 company.