8229 N Main Street, Eden, NY 14057

$449,000
8,050
SqFt

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List Price
$449,000
Status
ACTIVE
MLS#
R1667261
Price Change
▼ $451,000 1787693115
Year Built
2003
Stories
1
Acres
1.20
Living Area
8,050
Region
Eden

Property Description

Dollar General NN Investment Opportunity – Eden, NY 8229 N. Main St in Eden, NY presents an opportunity to acquire a stand-alone, single-tenant Dollar General investment with an established national retailer in place at an 8 CAP. The property is leased to Dollar General under an NN lease structure, offering dependable rental income with limited ongoing landlord responsibilities. The store has been renovated within the last several years, the parking lot has been refurbished and striped, and the front half of the building has a new roof. These recent improvements help reduce some of the near-term capital concerns commonly associated with commercial investment properties. The lease includes additional renewal options, creating the potential for continued occupancy beyond the current lease term. The tenant has historically been reliable with rent payments, making this a relatively straightforward investment opportunity for buyers seeking stable commercial income backed by a nationally recognized tenant. The property may appeal to private investors, 1031 exchange buyers, or investors looking to add a single-tenant retail property to an existing portfolio. 8229 N. Main St, Eden, NY 14057 The seller also owns the Dollar General property at 1816 Lake Rd, Hamlin, NY, which is being offered separately. The seller may be more negotiable on pricing and terms for a buyer interested in purchasing both properties as a package.

Additional Information

Taxes
$18,634
School District
Eden
Elementary School
Eden Elementary
Middle School
Other - See Remarks
High School
Eden Junior-Senior High
Water
Public
Sewer
Public Sewer

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Listing courtesy of ERA Team VP Real Estate. Contact: 716-640-0104