6.15 Cap | Dollar General | Stephentown NY

324 New York 43, Stephentown, NY

$1,785,984

Price

6.15%

Cap Rate

$109,838

NOI

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Street
Map
Overview
Cap Rate
6.15%
NOI
$109,838
Building Size
9,166 sqft
Lot Area
1.695 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2020
Tenancy
Single
Lease Expire Year
08/31/2035
Description

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Dollar General (#21200), located in Stephentown, NY.

This Dollar General is new construction located at the intersection of NY State Route 22 and NY State Route 43 one mile from the border with Massachusetts. Albany, NY, the state capital, is 25 miles to the west.

Highlights
  • Dollar General Corporation is rated "BBB" by S&P and has a proven track record of success
  • The absence of significant competition in the grocery market ensures stable sales for Dollar General
  • Absolute NNN 15-year lease provides stable income for a long period
  • 10% rental increases in each of the four 5-year renewal options
  • Corporate guaranteed lease - no landlord responsibilities
Documents
Title
Dollar_General_-_Stephentown_NY.pdf
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Location
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