Absolute NNN Dollar General

1322 W State Street, Olean, NY 14760

  • For Sale $1,488,100
  • Property Type Retail - Strip
  • Property Size 11,440 SF
  • Lot Size 0.83 Acre
  • Date Updated Mar 4, 2025
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.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.Grocery/retail store located on busy four-way intersection in the heart of Olean, NY. Minutes from St. Bonaventure University.
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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

Contacts

broker
Brian Donovan

Donovan Real Estate Services

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Olean, NY
  • Zip Code 14760

Points of Interest

  • Kwik Fill

    1.28 miles

  • Town of Allegany Garage

    2.69 miles

  • Truck Parking

    4.86 miles

  • Portville CSD Elementary Parking

    6.53 miles

  • Portville CSD Temporary Parking

    6.58 miles

  • McDonald's

    0.73 miles

  • Old Library Restaurant

    0.77 miles

  • Perkins

    0.85 miles

  • Wendy's

    0.88 miles

  • Burger King

    0.94 miles

  • Lake View Chinese Restaurant

    1.06 miles

  • Dunkin'

    1.66 miles

  • Mangia's 2.0

    2.79 miles

  • Sprague's Maple Farms

    6.66 miles

  • Tops

    0.67 miles

  • ALDI

    0.86 miles

  • Ried's Food Barn

    0.88 miles

  • Walmart Supercenter

    1.20 miles

Frequently Asked Questions

How much does Absolute NNN Dollar General cost?

The space currently listed for sale at Absolute NNN Dollar General asks for $1,488,100.

What is the total square footage of Absolute NNN Dollar General?

Absolute NNN Dollar General totals 11,440 square feet.

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Contact Listing Broker
broker
Brian Donovan

Donovan Real Estate Services

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