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1936 Van Vranken Ave
Schenectady, NY 12308
DOLLAR GENERAL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the Covid-19 pandemic.
- Minimal Landlord Responsibilities – Dollar General signed a 10 year NN lease in 2020, with 10% rental increases in the 4, 5 year options
- Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought-after investments.
- Strong Demographics – The location is surrounded by near 148,000 people and continuing to grow
- Second Generation Location – Dollar backfilled a former Rite Aid location, demonstrating the likelihood of paying at/below retail market rent
EXECUTIVE SUMMARY
Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,956 SF
Building Class
B
Year Built
2009
Price
$1,639,225
Price Per SF
$149.62
Cap Rate
7.75%
NOI
$127,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.72 AC
Zoning
5
Parking
36 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
91’ on Van Vranken Ave
AMENITIES
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 039-035-0004-001-001-0000 | Improvements Assessment | $1,404,600 |
| Land Assessment | $250,000 | Total Assessment | $1,654,600 |
PROPERTY TAXES
Parcel Number
039-035-0004-001-001-0000
Land Assessment
$250,000
Improvements Assessment
$1,404,600
Total Assessment
$1,654,600
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