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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 qualified investors the opportunity to acquire a brand new construction Dollar General in Stephentown, New York. The property sits at the signalized intersection of New York State Route 22 and New York State Route 43, the two primary arteries serving eastern Rensselaer County. The store is one mile from the Massachusetts state line and captures crossover demand from Berkshire County, where retail density drops off sharply. Albany, the state capital, is twenty five miles to the west.
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

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,166 SF
Building Class
B
Year Built
2020
Price
$2,181,492 CAD
Price Per SF
$238.00 CAD
Cap Rate
7%
NOI
$152,705 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 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 - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
384600 196.3-1-32.12
Land Assessment
$143,823 CAD
Improvements Assessment
$1,006,759 CAD
Total Assessment
$1,150,582 CAD
  • Listing ID: 35587402

  • Date on Market: 2025-04-22

  • Last Updated:

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

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