Discount
Dollar General | Binghamton, NY
68 Main St, Binghamton, NY 13905
Listing Price: $1,652,600
Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,818
Lease Type
Double Net
Rent Per Square Feet
$11.46
Investment Overview
Marcus & Millichap is pleased to bring to market Dollar General located in Binghamton, NY.
Dollar General | Binghamton, NY
Investment Highlights
- Dollar General Conversion Store-Brand New 10-Year Double Net (NN) Lease | Minimal Landlord Responsibilities | Expected to Deliver in March 2024
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option | Property Features Large Parking Lot with Pylon Sign and Excellent Visibility Along Main Street
- Two Points of Ingress/Egress Along Main Street, Seeing 12,900+ Vehicles Per Day
- Situated On a Signalized Intersection With Easy Access From Both Streets
- Located in a Dense Residential Corridor Less than One Mile From Downtown
- Near Multiple National Tenants Such as Family Dollar, Popeyes, Sunoco, Dunkin', Planet Fitness , CVS, Holiday Inn and More
- Strong Demographics: Population Exceeds 96,000 Within 5-Miles | Daytime Population Exceeds 121,000
- The Binghamton Metropolitan Area has a Population Over 250,000
Listing Price: $1,652,600
Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,818
Lease Type
Double Net
Rent Per Square Feet
$11.46
Investment Highlights
- Dollar General Conversion Store-Brand New 10-Year Double Net (NN) Lease | Minimal Landlord Responsibilities | Expected to Deliver in March 2024
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option | Property Features Large Parking Lot with Pylon Sign and Excellent Visibility Along Main Street
- Two Points of Ingress/Egress Along Main Street, Seeing 12,900+ Vehicles Per Day
- Situated On a Signalized Intersection With Easy Access From Both Streets
- Located in a Dense Residential Corridor Less than One Mile From Downtown
- Near Multiple National Tenants Such as Family Dollar, Popeyes, Sunoco, Dunkin', Planet Fitness , CVS, Holiday Inn and More
- Strong Demographics: Population Exceeds 96,000 Within 5-Miles | Daytime Population Exceeds 121,000
- The Binghamton Metropolitan Area has a Population Over 250,000
Investment Overview
Marcus & Millichap is pleased to bring to market Dollar General located in Binghamton, NY.
