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Dollar Tree

52 Boynton Ave, Plattsburgh, NY 12901

Listing Price: $1,211,000

Cap Rate
8.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
7.0
Gross SF
9,936
Guarantor
Corporate Guarantee
Rentable SF
9,936
Price/Gross SF
$121.88
Lease Type
Double Net
Rent Per Square Feet
$9.75

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a double net lease Dollar Tree in Plattsburgh, New York. The property consists of a 9,936-square-foot, freestanding building that sits on 4.02 acres of land. There is 7.2 years remaining on the current lease term. Broker of Record for NY: John Horowitz; (212) 430-5100; License: 10311204479

Investment Highlights

  • New Seven-Year Lease with Rental Escalations at Each Option
  • 2023 Renovation - Four-Sided Stone/Masonry Building/Metal Seamed Roof
  • Recent Renovations – Parking Lot Replaced in Fall 2023
  • Excellent Visibility on Boynton Avenue (11,026 VPD) with Easy On/Off Ramp Access to Interstate 87 (17,170 VPD)
  • One Block from Georgia-Pacific Corporation Industrial Site, A Major Area Employer
  • Tenant Paying Below-Market Rent of $9.75/PSF
  • Upstate New York - 20 Miles from Canadian Border
  • 10 Minutes to Plattsburgh International Airport (Proj. 300,000 Annual Passengers by 2030)

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Listing Price: $1,211,000

Cap Rate
8.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
7.0
Gross SF
9,936
Guarantor
Corporate Guarantee
Rentable SF
9,936
Price/Gross SF
$121.88
Lease Type
Double Net
Rent Per Square Feet
$9.75

Investment Highlights

  • New Seven-Year Lease with Rental Escalations at Each Option
  • 2023 Renovation - Four-Sided Stone/Masonry Building/Metal Seamed Roof
  • Recent Renovations – Parking Lot Replaced in Fall 2023
  • Excellent Visibility on Boynton Avenue (11,026 VPD) with Easy On/Off Ramp Access to Interstate 87 (17,170 VPD)
  • One Block from Georgia-Pacific Corporation Industrial Site, A Major Area Employer
  • Tenant Paying Below-Market Rent of $9.75/PSF
  • Upstate New York - 20 Miles from Canadian Border
  • 10 Minutes to Plattsburgh International Airport (Proj. 300,000 Annual Passengers by 2030)

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a double net lease Dollar Tree in Plattsburgh, New York. The property consists of a 9,936-square-foot, freestanding building that sits on 4.02 acres of land. There is 7.2 years remaining on the current lease term. Broker of Record for NY: John Horowitz; (212) 430-5100; License: 10311204479

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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