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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

6028 Trenton Road Utica, NY 13502

Property ID
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Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General situated on a 1.54-acre lot in Utica, New York. The property boasts a newly constructed building designed to the tenant's prototype specifications. A new 15-year absolute NNN lease is in place, commencing in October 2024, featuring 5% rent increases every five years and five, 5-year renewal options. This investment offers zero landlord obligations and the security of a corporate guarantee. The strategic location benefits from close proximity to Highway 12 and the SUNY Polytechnic Institute, with an enrollment of 1,990 students. Furthermore, the property enjoys a prime position near the Riverside Center, a retail hub featuring prominent national brands such as Walmart, Lowe's Home Improvement, Five Guys, and Applebee's. Utica, the county seat of Oneida County, is the tenth-most populous city in New York State, located in the Mohawk Valley, offering a strong and established market. The asking price for this exceptional net-lease investment is $1,947,403. This represents a compelling opportunity for investors seeking a stable, long-term, and low-maintenance income stream. The property's strong tenant, prime location, and favorable lease terms make it an attractive addition to any portfolio.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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