Dollar General Store in
For Sale
Contact for pricing
13492 Broadway, Alden, NY 14004
9,100 SF commercial building housing successful Dollar General store.
Property Size9,100 SF
Lot Size1.59 Acres
Price / SF$120.88
Days on Market397
Property Features for 13492 Broadway
General Information
Standard status
Active
Size
9,100 SF
Class
C
Total Parking Spaces
45
Lot size
1.59 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$70,950
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Waterbourne Group of Companies
Listed By:
James Carminati · License #NY
Source:
Crexi
Added: Jul 13, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waterbourne Group of Companies
Investment Insights
Based on property information with market context.
The property is a 9,100 square foot commercial building constructed of block and metal. It currently houses a Dollar General store, which has been operating successfully at this location since December 2019. The building is situated in the business district of the Village of Alden, New York, approximately 10 minutes from I-90. The property occupies a 1.59 acre site with parking for 45 cars, located on both sides and in front of the building. The lot features 297.66 feet of frontage and a depth of 233 feet. A rear loading area is available.
Key Highlights
- Successful Dollar General store in place since 12/2019.
- 9,100 square foot block and metal building.
- Located in the business district of the Village of Alden, NY.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,420
$1.6M
Cap Rate 7%
$1,168,871
$1.2M
Cap Rate 9%
$909,122
$909.1K
Market Conditions
NOI Build-Up for 9,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.0K $14.40/SF
− Vacancy
−$14.2K −$1.56/SF
EGI
$116.9K $12.84/SF
− OpEx
−$35.1K −$3.85/SF
NOI
$81.8K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,420
Cap Rate 7%
$1,168,871
Cap Rate 9%
$909,122
Alternative Uses
Best Use
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,582 @ 7.0% cap · market cap 9.96%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,821 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,252 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,263 visits/mo
0.0 miles
Crosby's
Shops & Services
5,353 visits/mo
0.5 miles
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 9,100 SF commercial building housing successful Dollar General store.
Where is this grocery and convenience store located?
The property is located at 13492 Broadway Alden, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Successful Dollar General store in place since 12/2019.; 9,100 square foot block and metal building.; Located in the business district of the Village of Alden, NY.
