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Absolute NNN | 10-Year Dollar General 324 NY-43 9,166 SF Retail Building Stephentown, NY 12168 $1,569,114 ($171.19/SF) 7% Cap Rate
Investment Highlights
- Dollar General Corporation is rated “BBB” by S&P and has a proven track record of success
- Absolute NNN 15-year lease provides stable income
- 10% rental increases in each of the four 5-year options
- The absence of significant competition in the grocery market ensures stable sales for Dollar General
- 10% rental increases in each of the four 5-year options
Executive Summary
The Twist Capital Team of Colliers is pleased to offer to qualified investors the opportunity to acquire this NNN Dollar General located in Stephentown, NY.
This Dollar General is new construction located at the intersection of NY State Route 22 and NY State Route 43, one mile from the border with Massachusetts. Albany, NY, the state capital, is 25 miles to the west.
This Dollar General is new construction located at the intersection of NY State Route 22 and NY State Route 43, one mile from the border with Massachusetts. Albany, NY, the state capital, is 25 miles to the west.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,166 SF
Building Class
B
Year Built
2020
Price
$1,569,114
Price Per SF
$171.19
Cap Rate
7%
NOI
$109,838
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.69 AC
Zoning
RR
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 384600 196.3-1-32.12 | Improvements Assessment | $735,000 |
| Land Assessment | $105,000 | Total Assessment | $840,000 |
Property Taxes
Parcel Number
384600 196.3-1-32.12
Land Assessment
$105,000
Improvements Assessment
$735,000
Total Assessment
$840,000
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Absolute NNN | 10-Year Dollar General | 324 NY-43
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