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51 N Main St
Sherburne, NY 13460
Retail Property For Sale
Investment Highlights
- New long-term net lease to Dollar General, a major national tenant with over 20,000 locations nationwide.
- Net lease requires minimal landlord management, ideal for both local and out-of-area investors.
- Dollar General’s same-store sales saw an approximate 2% increase in 2025, with customer traffic and average transaction amounts contributing to the gr
- Dollar General is an investment grade tenant (BBB-/Baa3 rated).
- Lease is guaranteed by Dollar General Corporation (NYSE: “DG”), with over $42 billion in 2025 revenue – a very strong corporate guarantee.
- Dollar General plans significant expansion in 2026, including opening approximately 450 new stores in the U.S. and up to 10 in Mexico.
Executive Summary
This Dollar General property offers investors a rare opportunity to acquire a high-performing net lease asset backed by a corporate guarantee from Dollar General Corporation (NYSE: DG). The retailer has demonstrated consistent growth with over $42 billion in revenue reported for 2025, ensuring stable income and reduced risk.
Positioned along North Main Street at the convergence of State Routes 80, 12, and 12B, the site benefits from optimal accessibility and visibility, with more than 8,500 vehicles passing daily. The store’s location as the sole Dollar retailer in Sherburne secures a strong customer base and entrenches the property within the local community retail network.
The surrounding trade area demonstrates strong and growing demographics, with an average household income of $83,505 within five miles and projections to exceed $89,600 by 2030. This continuous income growth trend supports long-term sustainability and value appreciation for the asset. The 1.79-acre parcel also offers convenient ingress/egress and ample parking capability, enhancing site functionality for the tenant and customers alike.
This investment aligns with both steady income objectives and market appreciation strategies, offering reliable cash flow in a growing region.
Positioned along North Main Street at the convergence of State Routes 80, 12, and 12B, the site benefits from optimal accessibility and visibility, with more than 8,500 vehicles passing daily. The store’s location as the sole Dollar retailer in Sherburne secures a strong customer base and entrenches the property within the local community retail network.
The surrounding trade area demonstrates strong and growing demographics, with an average household income of $83,505 within five miles and projections to exceed $89,600 by 2030. This continuous income growth trend supports long-term sustainability and value appreciation for the asset. The 1.79-acre parcel also offers convenient ingress/egress and ample parking capability, enhancing site functionality for the tenant and customers alike.
This investment aligns with both steady income objectives and market appreciation strategies, offering reliable cash flow in a growing region.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built
1973
Price
$1,987,351 CAD
Price Per SF
$220.82 CAD
Cap Rate
8.15%
NOI
$161,953 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.79 AC
Parking
22 Spaces (2.84 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 085603-044-160-0002-002-000-0000 | Improvements Assessment | $205,872 CAD |
| Land Assessment | $27,450 CAD | Total Assessment | $233,322 CAD |
Property Taxes
Parcel Number
085603-044-160-0002-002-000-0000
Land Assessment
$27,450 CAD
Improvements Assessment
$205,872 CAD
Total Assessment
$233,322 CAD
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