Dollar General NNN Property For Sale — Plattsburgh, NY
4989 South Catherine Street, Plattsburgh, NY 12901
This Dollar General store presents an excellent investment opportunity in Plattsburgh, New York. The property features an Absolute NNN Lease, ensuring zero landlord responsibilities. Dollar General has recently extended its lease, demonstrating strong commitment to and success in this market. The lease includes 5% rental rate increases during each of the four five-year renewal options and is corporately guaranteed by Dollar General Corporation, an investment-grade tenant with a 'BBB' credit rating. Operating successfully since September 2013, this location ranks as the second most foot-trafficked store within a 15-mile radius and performs within the top 25% of all Dollar General stores nationwide. Strategically located on S Catherine Street, the property benefits from high visibility with…
- Address: 4989 South Catherine Street, Plattsburgh, NY 12901
- Asking price $1.67M
- 7.15% cap rate
- NOI $119,754
- 8.25 years remaining
- NNN lease
- Year built: 2013
- Building size: 9,026 SF
- Lot size: 1.40 acres
- Rent increases: 5% increase at each of the 4 (5 year) options to renew
- Guarantor: Corporate
Location
This Dollar General property is at 4989 South Catherine Street in Plattsburgh, New York.
Asset type: Retail