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DOLLAR GENERAL 1936 Van Vranken Ave 10,956 SF Retail Building Schenectady, NY 12308 $1,639,225 ($149.62/SF) 7.75% Cap Rate
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
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
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
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
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DOLLAR GENERAL | 1936 Van Vranken Ave
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