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Dollar General Available For Sale

$947,000

1 Stewart Street, Dolgeville, NY 13329

Active
Last Updated: 07/29/2024

7.5

Cap Rate

71,040

NOI

Details:
Cap Rate:    7.5%
NOI:    $71,040
Building Size:    9,000 sqft
Lot Area:    0.64 acres
Year Built:    2007
Roof:    Landlord's Responsibility
Highlights:
  • Tenant extended the lease early, demonstrating long- term commitment to this location
  • ±4.7 years remaining on a initial 10 year lease extension
  • 10% increases in the option periods
  • Average household income of approximately $74,000 within a 3 mile radius
  • Dollar General boasts an investment grade credit rating of bbb (s&p)
  • Dollar General has reported 34 consecutive quarters of sales growth
  • Dollar General is an e- commerce and recession- resistant tenant, providing long- term stability to the business model
  • Defensive product- dollar store sales typically increase during downturns in the economy which makes them one of the most sought after investments in a softening market
  • Dollar General has over 20,000 locations and plans to continue their expansion for the foreseeable future
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery