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Dollar General
606 Butternut St, Syracuse, NY 13208
Listing Price: $1,325,000
Investment Overview
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the double net leased Dollar General located at 606 Butternut Street in Syracuse, New York. The property is well-located at a five-way signalized intersection in the heart of Syracuse, proximate to two heavily trafficked interstates, and near Syracuse University. This Dollar General location ranks above average in a Placer search, making it a great option for an investor looking for a low-maintenance net lease acquisition opportunity occupied by an investment grade tenant.
Dollar General
Investment Highlights
- Excellent opportunity for an investor seeking minimal landlord responsibilities to acquire a well-located double-net lease asset occupied by an investment grade tenant
- Corporate guaranteed double net lease with four years of base term remaining, two five-year options, and rent increases at each option
- Dollar General, which is ranked #111 on the Fortune 500, operates a recession-resilient business model, making it an attractive net lease tenant choice
- Strong location at a five-way signalized intersection in the heart of Syracuse across from a Burger King, Rite Aid, Save-a-Lot, and Family Dollar, and just a few blocks from St. Joseph's Health Hospital, a nationwide top 15 heart surgery center and major employer (4,755 employees)
- Store ranks well above average in Placer.ai search
- Located just 1.5 miles from Syracuse University (22,000+ students), a leading private research institution, and SUNY Upstate Medical Center, the region's largest employer (~9,500 employees)
- Within a half-mile of Interstate 81 (90,780 VPD) and one mile of Interstate 690 (66,521 VPD)
Listing Price: $1,325,000
Investment Highlights
- Excellent opportunity for an investor seeking minimal landlord responsibilities to acquire a well-located double-net lease asset occupied by an investment grade tenant
- Corporate guaranteed double net lease with four years of base term remaining, two five-year options, and rent increases at each option
- Dollar General, which is ranked #111 on the Fortune 500, operates a recession-resilient business model, making it an attractive net lease tenant choice
- Strong location at a five-way signalized intersection in the heart of Syracuse across from a Burger King, Rite Aid, Save-a-Lot, and Family Dollar, and just a few blocks from St. Joseph's Health Hospital, a nationwide top 15 heart surgery center and major employer (4,755 employees)
- Store ranks well above average in Placer.ai search
- Located just 1.5 miles from Syracuse University (22,000+ students), a leading private research institution, and SUNY Upstate Medical Center, the region's largest employer (~9,500 employees)
- Within a half-mile of Interstate 81 (90,780 VPD) and one mile of Interstate 690 (66,521 VPD)
Investment Overview
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the double net leased Dollar General located at 606 Butternut Street in Syracuse, New York. The property is well-located at a five-way signalized intersection in the heart of Syracuse, proximate to two heavily trafficked interstates, and near Syracuse University. This Dollar General location ranks above average in a Placer search, making it a great option for an investor looking for a low-maintenance net lease acquisition opportunity occupied by an investment grade tenant.
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