Listing Agency: Fortis Net Lease b***@fortisnetlease.com Show Phone

Listed By: Bryan Bender · License #MI 6501319610

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:31AM

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Investment Insights

Based on property information with market context.

This 9,320-square-foot Dollar General store has operated since July 2019 and is subject to a 15-year absolute NNN lease. The agreement includes 4 (5-year) renewal options, each providing a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, identified as investment grade in the property information.

The store occupies a highly visible position on Helderberg Trail near the Main Street intersection in East Berne, New York. The surrounding area has a 10-mile population of 29,174. The offering provides fee simple ownership and may suit a 1031 exchange buyer or a passive investor. The stated cap rate is 5.15%.

Key Highlights

• 9,320 SF Dollar General store operating since July 2019
• 15‑year absolute NNN lease with no landlord responsibilities
• 4 (5‑year) renewal options, each with a 10% rental rate increase

Property Analytics

Property Profile

Current Use

Dreyer Electric Inc. General Contractor Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Home Appliance Store Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 87% Home Improvements & Furnishings 13%

Dollar General Shops & Services

4,553 visits/mo 0.2 miles

Helderberg True Value Home Improvements & Furnishings

652 visits/mo 0.0 miles

Demographics for 12059, NY

1,482

Population

1,020

Households

1.5

Avg Household Size

49

Median Age

29%

College-Educated

98%

High-School Grad

22.8 sq mi

ZIP Area

65

Density / Sq Mi

$100,938

Median Household Income

$57,693

Median Earnings

$1,094

Median Rent

$306,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Absolute NNN lease structure places no landlord responsibilities on the property owner.

Where is this nnn property located?

The property is located at 805 Helderberg Trail East Berne, NY.

What are key features of this property?

This property features: 9,320 SF Dollar General store operating since July 2019; 15‑year absolute NNN lease with no landlord responsibilities; 4 (5‑year) renewal options, each with a 10% rental rate increase