324 NY-43 - Storefront FOR SALE


Stephentown, NY 12168
$1,569,114 USD
561-602-8390
324 NY-43, Stephentown, NY for Sale
$1,569,114 USD
Storefront - FOR SALE
1/1
null | 7% Cap Rate

324 NY-43
Stephentown, NY 12168


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
  • 10% rental increases in each of the four 5-year options
  • 10% rental increases in each of the four 5-year options

OVERVIEW

The Twist Capital Team of Colliers is pleased to offer qualified investors the opportunity to acquire a brand new construction Dollar General in Stephentown, New York. The property sits at the signalized intersection of New York State Route 22 and New York State Route 43, the two primary arteries serving eastern Rensselaer County. The store is one mile from the Massachusetts state line and captures crossover demand from Berkshire County, where retail density drops off sharply. Albany, the state capital, is twenty five miles to the west. Dollar General operates more than 20,000 stores nationally and carries an investment grade rating from Standard and Poor's. The tenant signs an absolute NNN lease with zero landlord responsibilities, making this a fully passive investment backed by one of the strongest credits in single tenant retail. New construction delivers the full useful life of the asset to the buyer with no deferred maintenance and positions the property for 100 percent bonus depreciation under the One Big Beautiful Bill Act, a meaningful tax shelter for investors with passive income to offset. Stephentown is the rural, underserved trade area Dollar General was built for. Minimal national competition, a captive everyday goods customer, and a hard corner location combine to make this an ideal portfolio anchor or 1031 replacement property.

FOR SALE DETAILS

PRICE

$1,569,114 USD

PRICE/SF

$171 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN | 10-Year Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

RR

APN/PARCEL ID

384600 196.3-1-32.12

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.