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Absolute NNN | 10-Year Dollar General 324 NY-43 9,166 SF Retail Building Stephentown, NY 12168 $2,181,492 CAD ($238.00 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
Dollar General operates more than 20,000 stores nationally and carries an investment grade rating from Standard and Poor's. The tenant signs an absolute NNN lease with zero landlord responsibilities, making this a fully passive investment backed by one of the strongest credits in single tenant retail. New construction delivers the full useful life of the asset to the buyer with no deferred maintenance and positions the property for 100 percent bonus depreciation under the One Big Beautiful Bill Act, a meaningful tax shelter for investors with passive income to offset.
Stephentown is the rural, underserved trade area Dollar General was built for. Minimal national competition, a captive everyday goods customer, and a hard corner location combine to make this an ideal portfolio anchor or 1031 replacement property.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 384600 196.3-1-32.12 | Improvements Assessment | $1,006,759 CAD |
| Land Assessment | $143,823 CAD | Total Assessment | $1,150,582 CAD |
Property Taxes
Presented by
Absolute NNN | 10-Year Dollar General | 324 NY-43
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