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Dollar General 1 Stewart St 9,120 SF Retail Building Dolgeville, NY 13329 $861,090 ($94.42/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from Investment-Grade Tenant – Dollar General Corporation (NYSE: DG) backs the lease with a corporate guarantee
- Demonstrated Long-Term Commitment – Dollar General has operated continuously at this location since 2007
- Below-Market Rent – The tenant is currently paying $7.78 per square foot, which is considered low for the retail sector
- Passive Management Structure – The property is subject to a Double Net (NN) lease, under which the tenant is responsible for property taxes
- Lack of Direct Competition – The subject property is the only dollar store in Dolgeville, with no competing national retailers in the trade area
EXECUTIVE SUMMARY
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,120 SF
Building Class
B
Year Built
2007
Price
$861,090
Price Per SF
$94.42
Cap Rate
8.25%
NOI
$71,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.64 AC
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 213601-108-059-0002-025-000-0000 | Improvements Assessment | $210,000 |
| Land Assessment | $15,000 | Total Assessment | $225,000 |
PROPERTY TAXES
Parcel Number
213601-108-059-0002-025-000-0000
Land Assessment
$15,000
Improvements Assessment
$210,000
Total Assessment
$225,000
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Dollar General | 1 Stewart St
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