Dollar General NNN Property For Sale — Plattsburgh, NY · 9,026 SF
Plattsburgh, NY 12901
Strong-performing 9,026 SF Dollar General store located in Plattsburgh, New York. The property features an Absolute NNN lease with zero landlord responsibilities and approximately 8.25 years remaining on the primary lease term. The lease provides for 5% rental rate increases at each of the four 5-year renewal options and is corporately guaranteed by Dollar General Corporation (S&P: BBB / Investment Grade). Open and operating successfully since September 2013, this location performs in the top 25% of all Dollar General stores nationwide and ranks #2 in foot traffic within a 15-mile radius. Strategically situated on S Catherine Street with daily traffic counts of 11,555 VPD, the site serves a 5-mile population of nearly 30,000 residents and is located just 0.7 miles from the SUNY Plattsburg…
- Address: 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
- Rent increases: 5% in each option
- Guarantor: Corporate
Location
This Dollar General property is in Plattsburgh, New York.
Asset type: Dollar Store