Sharon FronkRealtor® · Howard Hanna
LoadingCambridge, NY 12816 · Washington County
This is a 15,103-square-foot retail commercial building in Cambridge, set on a 5-acre lot and built in 1980. According to the MLS remarks, it carries a long-term Triple Net lease with Dollar General as the anchor tenant since 2006, occupying 81 percent of the building, with the remaining 19 percent leased as storage. The remarks cite a newly paved parking lot, upgraded lighting, and an offering at an 8 percent capitalization rate. Listed features include central air and forced air.
This well-maintained 15,103 square foot commercial building presents a lucrative investment opportunity with a long-term lease to a nationally recognized tenant, Dollar General. Located on a sprawling 5-acre lot, the property features a newly paved parking lot and upgraded lighting, ensuring a welcoming and safe environment for customers and tenants alike.Dollar General has been the anchor tenant since 2006, occupying 81% of the building. The remaining 19% is leased as storage space to another tenant, providing additional, stable rental income.The lease is structured as a Triple Net (NNN) lease, wherein the tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord responsibilities and expenses. The property is offered at an attractive 8% capitalization rate, delivering strong returns on investment. Centrally located, the property benefits from excellent visibility and accessibility, boosting foot traffic and sales.
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Cambridge is in Washington County, NY. There are currently 9 active listings here, ranging from $119,900 to $1,025,000. Priced 54% above the Cambridge median of $665,000.
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Julie & Co Realty LLC · Listed by Amy Farchione-Sgromo (32112)
Contact: 315-863-2777
MLS #202612137 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Activity across 2 MLS listings of this property.
