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Absolute NNN | 10-Year Dollar General 324 NY-43 9,166 SF Retail Building Stephentown, NY 12168 $2,140,648 CAD ($233.54 CAD/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
$2,140,648 CAD
Price Per SF
$233.54 CAD
Cap Rate
7%
NOI
$149,845 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
- -
- -
- -
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 | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 384600 196.3-1-32.12 | Improvements Assessment | $1,002,716 CAD |
| Land Assessment | $143,245 CAD | Total Assessment | $1,145,962 CAD |
Property Taxes
Parcel Number
384600 196.3-1-32.12
Land Assessment
$143,245 CAD
Improvements Assessment
$1,002,716 CAD
Total Assessment
$1,145,962 CAD
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Absolute NNN | 10-Year Dollar General | 324 NY-43
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