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Absolute NNN | 10-Year Dollar General 324 NY-43 9,166 SF Retail Building Stephentown, NY 12168 $2,271,482 CAD ($247.82 CAD/SF) 6.75% 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
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
- -
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 384600 196.3-1-32.12 | Improvements Assessment | $1,027,905 CAD |
| Land Assessment | $146,844 CAD | Total Assessment | $1,174,748 CAD |
PROPERTY TAXES
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Absolute NNN | 10-Year Dollar General | 324 NY-43
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