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Fort Edward, NY - Dollar General

$1,542,944

290 Broadway, Fort Edward, NY 12828

Active
Last Updated: 11/22/2024

7.2

Cap Rate

111,092

NOI

Details:
Cap Rate:    7.2%
NOI:    $111,092
Building Size:    9,100 sqft
Description:

• The tenant currently has over 10 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States
• The site is ranked in the 82nd percentile of all Dollar Generals in the United States

• The asset is located along Broadway, which averages 13,700 vehicles passing by daily
• Nearby national/credit tenants include Dunkin, McDonald’s, Subway, Walmart, and many more
• The site is in close proximity to Fort Edward Jr. High School (387 students), further increasing consumer traffic to the immediate area
• The asset has excellent visibility via significant street frontage and a large pylon sign

Map:
Location
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