4989 S Catherine St Plattsburgh, NY 12901
NNN Dollar General with over 8 years remaining on primary term.
Building Details
- Year built
- 2013
Source:
Fortisnetlease
Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Dollar General NNN Investment Opportunity
This 9,026 SF Dollar General store is located in Plattsburgh, New York. The property is secured with an Absolute NNN Lease, offering zero landlord responsibilities, with 8.25 years remaining on the primary term. The lease includes 5% rental rate increases at each of the four 5-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB", classified as Investment Grade. Open and successfully operating since September 2013, the store ranks as the 2nd most foot trafficked store within a 15-mile radius and performs in the top 25% of all Dollar General stores nationwide. The property is located 0.7 miles from the State University of New York Plattsburgh Campus, seeing 11,555 cars per day. The building was constructed in 2013 with an upgraded architectural style. The surrounding area has a 1-mile household income of $53,974 and a 5-mile population of 29,804. Plattsburgh, New York, is situated where the Adirondack Mountains meet the western shore of Lake Champlain.
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Similar Places Nearby
Yando's Big M Supermarket
Location Insight
- Map
- Local Demand
- City
- Plattsburgh
- County
- Clinton
- State
- New York
- Longitude
- -73.4581064
- Latitude
- 44.6887264
Nearby Similar for Lease
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General with over 8 years remaining on primary term.
Where is this grocery and convenience store located?
The property is located at 4989 S Catherine St Plattsburgh, NY.
What is the lease rate?
The lease rate is $1,674,881.
What are key features of this property?
This property features: - Absolute NNN Lease with zero landlord responsibilities and 8.25 years remaining on the primary term.; - Corporately guaranteed by Dollar General Corporation with an Investment Grade “BBB” credit rating.; - Store performs in the top 25% of all Dollar General stores nationwide.
