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Family Dollar

DeKalb Junction, New York

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NNN Pro Group is pleased to present the exclusive listing for a Family Dollar located at 4269 US Highway 11 in DeKalb Junction, NY. The site consists of roughly 8,000 rentable square feet of building space on estimated 1.50-acre parcel of land. This Family Dollar is subject to an original 10-year absolute double-net (NN) lease, which was recently extended through June 30, 2028. The current annual rent is $86,022 and is scheduled to increase by 10% in each of the 6, 5-year renewal options.

About the Investment

✓ Original 10-Year Double Net (NN) Lease
✓ Over 4 Years of Lease Term Remaining | Recent Lease Extension
✓ Ten Percent (10%) Rental Increases Occurring Each Option
✓ Six (6), Five (5)-Year Tenant Renewal Options
✓ Site Remodeled in July 2023 Showing Strong Tenant Commitment!
✓ Strong Sales Reported | Sales Have Steadily Increased Since Opening – Now Selling Alcohol at this Family Dollar!

Key Details

Price:
$1,012,023
Cap Rate:
8.50%
Annual Rent:
$86,022
Address:
4269 US-11, DeKalb Junction, New York 13630
Lease Type:
Double Net (NN)

Original Lease Term:
10 Years
Lease Commencement:
May 15, 2012
Lease Expiration:
June 30, 2028
Lease Term Remaining:
4 Years
Rental Increases:
10% Each Option
Lot Size:
1.5 Acres
Building Size:
8,000 SF
Year Built:
2013
Year Renovated:
2024
Tenant:
Family Dollar

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Anthony Bird

License: 10401306066


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