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Dollar General - Cricket Wireless

370-372 N Main St, Gloversville, NY 12078

Listing Price: $945,882

Cap Rate
8.50%
Tenant Name
Dollar General - Cricket Wireless
Years Remaining On Lease
4.90
Gross SF
10,964
Guarantor
Corporate Guarantee
Rentable SF
10,964
Price/Gross SF
$86.27
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General and Cricket Wireless located at 370-372 North Main St, Gloversville, NY 12078. The site was built to suit for Dollar General in 2005, which occupies 9,014 square feet. Dollar General has over 6 years remaining after an early extension, and has three, five-year options remaining. Cricket Wireless occupies the remaining 1,950 square feet. Cricket, which is a subsidiary of AT&T, signed an original five-year lease with three, five-year options. Dollar General and Cricket Wireless benefit from the dense population with 9,700+ residents in one mile, and over 32,900 within five miles. This investment is being offered at $968,983, which represents an 8.30 percent capitalization rate.

Investment Highlights

  • 6+ Years Remaining On NN Lease Agreement
  • Cricket Wireless Handles Their Own Maintenance
  • Cricket Wireless Reconciles CAM For Roof & Structure Costs
  • Dollar General Responsible For Minor Repairs Less Than $1,000
  • Three, Five Year Options Remaining With Rental Increases
  • Dollar General Reimburses For Actual Cost Of Snow Removal

Exclusively Listed By

Discount

Dollar General - Cricket Wireless

Listing Price: $945,882

Cap Rate
8.50%
Tenant Name
Dollar General - Cricket Wireless
Years Remaining On Lease
4.90
Gross SF
10,964
Guarantor
Corporate Guarantee
Rentable SF
10,964
Price/Gross SF
$86.27
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Highlights

  • 6+ Years Remaining On NN Lease Agreement
  • Cricket Wireless Handles Their Own Maintenance
  • Cricket Wireless Reconciles CAM For Roof & Structure Costs
  • Dollar General Responsible For Minor Repairs Less Than $1,000
  • Three, Five Year Options Remaining With Rental Increases
  • Dollar General Reimburses For Actual Cost Of Snow Removal

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General and Cricket Wireless located at 370-372 North Main St, Gloversville, NY 12078. The site was built to suit for Dollar General in 2005, which occupies 9,014 square feet. Dollar General has over 6 years remaining after an early extension, and has three, five-year options remaining. Cricket Wireless occupies the remaining 1,950 square feet. Cricket, which is a subsidiary of AT&T, signed an original five-year lease with three, five-year options. Dollar General and Cricket Wireless benefit from the dense population with 9,700+ residents in one mile, and over 32,900 within five miles. This investment is being offered at $968,983, which represents an 8.30 percent capitalization rate.

Exclusively Listed By

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