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4989 S Catherine St Plattsburgh, NY 12901

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For Lease
$1,674,881

NNN Dollar General with over 8 years remaining on primary term.

Building Details

Year built
2013

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Listing Contact
Bryan Bender
Bryan Bender
Source: Fortisnetlease

Listing Agent: Bryan Bender

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

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

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.
More about this property
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