Dollar General Market | 15-Year Absolute NNN 88 Volney St Local commercial 1 159 m² Immeuble 4 étoiles À vendre Phoenix, NY 13135 2 136 360 € (1 842,60 €/m²) Taux de capitalisation 6,50 %

The subject property is a newly constructed, freestanding Dollar General Market located in Phoenix, NY, within the Syracuse MSA. The asset is secured by a brand-new 15-year absolute NNN lease with 5% rental increases every five years during the primary term and each of the four five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment-grade credit tenant rated BBB by Standard & Poor’s.
Strategically positioned along Hwy 264 right off State Route 481 (20,000 VPD)—a key thoroughfare linking Phoenix to the greater Syracuse area—the property offers outstanding visibility, seamless access, and steady traffic flow, with direct connectivity to Interstate 81, I-90, and nearby regional airports.
The area boasts a strong demographic profile, with average household income exceeding $100,000 within a 5-mile radius and projected to experience steady growth over the next five years. Located just 15 miles from downtown Syracuse, the property sits within reach of one of upstate New York’s most active and expanding economic hubs, driven by the education, healthcare, and logistics sectors. The site is surrounded by established residential neighborhoods and essential retail services, supporting long-term consumer demand and operational stability.