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Dollar Tree tenant 78 W Campbell Rd

15,750 SF Retail Building Schenectady, NY 12306 $3,023,760 CAD ($192 CAD/SF) 5.12% Cap Rate

Investment Highlights

  • Recently executed 7 year NNN lease in place. Two 5 year renewal options with lease escalations.

Executive Summary

Investment opportunity in Schermerhorn Hollow Village. Located next to BJ's Wholesale Club. Current tenant is Dollar Tree with triple net lease. Dollar Tree is a Fortune 500 company. 7 year lease expires Feb 2030. Lease includes two 5 year renewal options with increases. Retail box in great shape. 15,750 sq feet. Excellent accessibility from I890. Traffic Count: 20,000+ AADT. Located directly across from VIA Port Rotterdam. New York State offices with 800+ employees is adjacent. 36 million aquatic center planned for property across the road. Developers anticipate 700 to 1,000 visitors every weekend! Less than a mile from GE plant. Site offers municipal water/sewer, fiber. Can be sold with MLS#202000377 & 202000379. Plenty of parking with great visibility.

Financial Summary (Pro forma - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
15,750 SF
Building Class
C
Year Built
1998
Price
$3,023,760 CAD
Price Per SF
$192 CAD
Cap Rate
5.12%
NOI
$154,704 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.01
Land Acres
25.08 AC
Zoning
B-1 - Retail business district
Frontage
200 ft on West Campbell Road

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
048-005-0003-010-004-0001
Land Assessment
$175,800 CAD
Improvements Assessment
$0 CAD
Total Assessment
$175,800 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 28139060

  • Date on Market: 2023-04-04

  • Last Updated:

  • Address: 78 W Campbell Rd, Schenectady, NY 12306

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