Absolute NNN Dollar General

For Sale

1322 W State Street, Olean, NY 14760

This Olean property for sale is located at 1322 W State Street. The current listed sale price for Absolute NNN Dollar General is $1,488,100. Absolute NNN Dollar General is situated on a lot that is 0.83 acre in size.

Contacts

broker
Brian Donovan

Donovan Real Estate Services

Property Details

  • 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

Getting around

  • 80/100

    Walk Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brian Donovan

Donovan Real Estate Services

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