Dollar Tree tenant

15,750 SF | Retail Building | Schenectady, NY 12306 | $2,150,000 ($137/SF) | 5.12% Cap Rate

Asking Price $2,150,000

Property Type: Retail
Square Feet: 15,750 SF
Price / Square Foot: $137

Listing Contacts

Anthony Durante

Verified Profile

Property Info

Property Overview

Investment opportunity in Schermerhorn Hollow Village. Located next to BJ's Wholesale Club. Current tenant is Dollar Tree with triple net lease. Dollar Tree is a Fortune 500 company. 7 year lease expires Feb 2030. Lease includes two 5 year renewal options with increases. Retail box in great shape. 15,750 sq feet. Excellent accessibility from I890. Traffic Count: 20,000+ AADT. Located directly across from VIA Port Rotterdam. New York State offices with 800+ employees is adjacent. 36 million aquatic center planned for property across the road. Developers anticipate 700 to 1,000 visitors every weekend! Less than a mile from GE plant. Site offers municipal water/sewer, fiber. Can be sold with MLS#202000377 & 202000379. Plenty of parking with great visibility.

Property Details

Class: C
Year Built: 1998
Stories: 1
Lot Size (sq. ft): 1,092,485 SF

Highlights

Recently executed 7 year NNN lease in place. Two 5 year renewal options with lease escalations.

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