Discount
Dollar General | Binghamton, NY
68 Main St, Binghamton, NY 13905
Listing Price: $1,709,500
Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
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.
Investment Highlights
- Dollar General Conversion Store-Brand New 10-Year Double Net (NN) Lease | Minimal Landlord Responsibilities | Lease Commenced in April 2024 (Estimated)
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option | New Roof Installed in 2024 With a Transferrable Warranty
- 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
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,709,500
Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
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 | Lease Commenced in April 2024 (Estimated)
- Four, 5-Year Renewal Options with 10 Percent Rental Increases In Each Option | New Roof Installed in 2024 With a Transferrable Warranty
- 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.
Exclusively Listed By
Broker of Record
Financing By
![MM Texture Background](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-news-research-hero-background.jpg?h=1030&iar=0&w=2880&rev=1569e23dd24a4ecea0b588f7ee537310&hash=B6D3CA35A0504F883C2C5068EE8436C0)
![MM Textured Background Lower](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-property-footer-background%20jpg.jpg?h=1030&iar=0&w=2880&rev=f3ed593e923445f38df9f1c32d8d190f&hash=323A48081850EDAAE5E1F61061CADFD9)