Commercial - Gloversville, NY
10,965-square foot multi-tenant Dollar General strip situated on 1.34 acres in Gloversville, New York. Dollar General recently picked up an early extension through August 2025, with a rental escalation in September 2020. 3, 5-year renewal options remain with rental escalations in each renewal option. Under the lease, landlord has minimal obligations. Tremendous value add potential through leasing out the adjacent 1,950 sq./ft. vanilla box. Stabilized Cap rate of 7.8%. Ideal property for 1031 Exchange client
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