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948 State St
Schenectady, NY 12307 Hamilton Hill

$1,519,000 USD

Freestanding For Sale  •  8,320 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,320 SF
  • Lot Size 0.96 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 9.00 %
  • Tenancy Single
  • Zoning 05
70 Transit Score
60 Walk Score

Highlights

Corporate Guaranteed Lease from Family Dollar (S&P: BBB) | Has over 5.0-Years of lease term on a 15-Year lease with six (6) 5-year extension options
The lease includes 10% rental increases at the start of each option period
Absolute NNN Lease Structure | Zero Landlord Responsibilities | Ideal Management Free Asset for a Passive Investor
Over 12,000+ Vehicles Per Day | Excellent visibility & access along State Street
The site is surrounded by over 155,000 residents within a 5-mile radius, with an average household income that exceeds $99,000
Situated within the Albany MSA, New York's Capital Region that comprises over 1.2 Million residents across several counties

Property Flyers

Cap Rate: 9.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar 5/31/2031

Amenities

  • Bus Line

Public Transportation

AirportDriveWalkDistance
Albany International 21 min - 9.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Mark Neelman 845-499-7118 SAB Capital
Mark Neelman 845-499-7118 SAB Capital