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Freestanding For Sale • 8,320 SF
| 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 |
| Cap Rate: | 9.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Family Dollar | 5/31/2031 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Schenectady (Adirondack - Amtrak, Empire Service - Amtrak, Ethan Allen Express - Amtrak, Lake Shore Limited - Amtrak, Maple Leaf - Amtrak) | 3 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| Albany International | 19 min | - | 9.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 21 |
| Type: | Surface |
| Included in Rent: | Yes |
Mark Neelman
SAB Capital
Mark Neelman
SAB Capital
