For Sale

Single Tenant Investment Property

1322 W State Street, Olean, NY 14760

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.

Key features

  • 10-year initial term
  • Corporate guaranty on lease
  • No landlord responsibilities
  • Tenant pays utilities, taxes, and maintains all aspects of the premises
  • Two 5-year options with 10% bumps to hedge against inflation and help grow NOI
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Brian Donovan

Donovan Real Estate Services

Building Details

  • For Sale $1,482,800
  • Property Type Retail - Strip
  • Property Size 11,440 SF
  • Lot Size 0.83 Acre
  • Date Updated May 18, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (80)

  • Bike Score ®

    Bikeable (67)
Powered by Walk Score ®

Location

  • City Olean, NY
  • Zip Code 14760

Points of Interest

Truck Parking

4.86 miles

Portville CSD Elementary Parking

6.53 miles

Portville CSD Temporary Parking

6.58 miles

ALDI

0.86 miles

Ried's Food Barn

0.88 miles

Walmart Supercenter

1.20 miles

1322 W State Street Listing Summary

  • What is the asking price at Single Tenant Investment Property?

    Single Tenant Investment Property is currently listed for sale at Contact for pricing.

  • What is the total size of Single Tenant Investment Property?

    Single Tenant Investment Property has a total of 11,440 square feet.

Contact Listing Broker
Brian Donovan

Donovan Real Estate Services

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.