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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

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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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,166 SF
Building Class
B
Year Built
2020
Price
$2,271,482 CAD
Price Per SF
$247.82 CAD
Cap Rate
6.75%
NOI
$153,325 CAD
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
  • -
  • -
  • -

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
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
384600 196.3-1-32.12
Land Assessment
$146,844 CAD
Improvements Assessment
$1,027,905 CAD
Total Assessment
$1,174,748 CAD
  • Listing ID: 35587402

  • Date on Market: 2025-04-22

  • Last Updated:

  • Address: 324 NY-43, Stephentown, NY 12168

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