Family Dollar
Schenectady, NY
Key Details
| Price: | $1,657,253 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $124,294 |
| Address: | 954 State Street, Schenectady, New York 12307 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 4/1/2016 |
| Lease Expiration: | 5/31/2031 |
| Lease Term Remaining: | 6.5 Years |
| Rental Increases: | 10.00% in 2026 and in Each Option |
| Lot Size: | 0.96 Acres |
| Building Size: | 8,320 SF |
| Year Built: | 2016 |
NNN Pro is pleased to present the exclusive listing for a Family Dollar located at 954 State Street, Schenectady, New York 12307. The site consists of roughly 8320 rentable square feet of building space on an estimated 0.96-acre parcel of land. This Family Dollar is subject to a 15-year Triple Net (NNN) lease, which commenced 4/1/2016. The current annual rent is $124,294 and has scheduled increases of 10.00% in 2026 and in Each Option.
About the Investment
- Strong Real Estate Fundaments | Located in Downtown Schenectady, NY, Approximately 17 Miles From The State Capital, Albany, NY
- Prime Target Market | Average Household Income Exceeds $78,900 Within a 3-Mile Radius and $89,600 Within a 5-Mile Radius
- Stong Demographics | Over 110,200 Individuals Residing in a Three-Mile Radius of The Subject Property
Key Details
| Price: | $1,657,253 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $124,294 |
| Address: | 954 State Street, Schenectady, New York 12307 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 4/1/2016 |
| Lease Expiration: | 5/31/2031 |
| Lease Term Remaining: | 6.5 Years |
| Rental Increases: | 10.00% in 2026 and in Each Option |
| Lot Size: | 0.96 Acres |
| Building Size: | 8,320 SF |
| Year Built: | 2016 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Alexandre Marietto
amarietto@nnnpro.com
License: NY: 10401294047
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.