Dollar General - College Town Location 4989 S Catherine St 9,026 SF Retail Building Plattsburgh, NY 12901 $2,348,868 CAD ($260.23 CAD/SF) 7.05% Cap Rate

The subject offering is a 9,026 SF single-tenant net-leased Dollar General located on S Catherine Street in Plattsburgh, NY. Dollar General signed a 15-year lease here beginning in 2013. They recently extended the lease through May 30, 2034, with four additional (5) five-year options to renew. There are 5% increases in each option period. This site is in the top 30% of all Dollar General stores in the country, based on traffic and yearly visitors.
This is an absolute NNN lease deal, with zero landlord responsibilities. The property rests on a 1.4-acre lot, and the site was built brand-new in 2013. This is a premium construction Dollar General build; it is masonry block construction (no metal sides). The property has parking for 37 cars.
This is the rare Dollar General deal located in a college town. The property is less than one mile (0.6 miles) from the main campus for SUNY Plattsburgh, a four-year state university with 5,109 students and just over 660 staff members. SUNY Plattsburgh’s main campus is over 256 acres and features a 3,500-seat hockey arena. Plattsburgh is located in Clinton County, NY, with a population of 19,841 people, and an average household income of just over $59,000 per year. It is the population center, and the main retail hub for Clinton County.