Single Tenant Investment Property
1322 W State Street
Olean, NY 14760
Highlights
- 10-year initial term
- Two 5-year options with 10% bumps to hedge against inflation and help grow NOI
- Tenant pays utilities, taxes, and maintains all aspects of the premises
- No landlord responsibilities
- Corporate guaranty on lease
Description
Donovan Real Estate Services is pleased to offer the opportunity to acquire the absolute NNN leased Dollar General investment property located in Olean, NY.
The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period.
This grows NOI and hedges against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management free investment opportunity for a passive investor.
Small retail store located in Olean, NY. Olean is the largest city in Cattaraugus County and is one of the principal cities in the Southern Tier of Upstate New York. The site is situated on a four-way intersection, minutes from St. Bonaventure University.
Documents
DollarGeneral_1322 W StateSt.pdfLease Brochure
