STREAM Capital Partners > Properties > All Properties > Family Dollar

Family Dollar

Net Lease

954 State St. , Schenectady, New York
Ownership Type:
Owner/User
Price:
$1,553,675
Cap Rate:
8.00%
Current Rent:
$124,294
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.8 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
8,320 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.96 Acres

Investment Highlights

  • Corporate NNN Lease: Absolute NNN lease providing completely passive ownership with 10% rent increases every five years in the primary term and options
  • Prime Location: Over 23,300 vehicles per day along State Street
  • Union College: Situated just one mile away, with an enrollment of over 2,000 students
  • Excellent Local Demographics: The Property will benefit from the excellent surrounding demographics, with a 10-mile population of 300,000 earning an average household income of $105.000
  • Strong Retail Corridor: Strategically located near numerous national tenants such as Dunkin, McDonald’s, Advance Auto, and Popeyes
Ownership Type:
Owner/User
Price:
$1,553,675
Cap Rate:
8.00%
Current Rent:
$124,294
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.8 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
8,320 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.96 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Michael Antonoplos, Lic#: 10491211973

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