Dollar General Retail
New
For Sale
$1,626,000
2300 Niagara Falls Blvd, Niagara Falls, NY 14304
National discount retailer location positioned along Niagara Falls Boulevard in Niagara Falls.
Property Size9,100 SF
Price / SF$178.68
Days on Market2
Property Features for 2300 Niagara Falls Blvd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Discount
Lease Type
Absolute Net
Amenities
NEWER 2023 CONSTRUCTION | 11+ YEARS REMAINING
10% RENTAL INCREASES EACH RENEWAL OPTION
TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
RARE UPGRADED CONSTRUCTION
17,000+ VPD ON HIGHWAY 62
74,000+ POPULATION IN 5-MILE RADIUS
Building Details
Building Size
9,100 SF
Listing Agency:
(678) 808-2770
Listed By:
Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1
(678) 808-2770
Source:
Marcusmillichap
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 7:42AM
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 Robby Pfeiffer
Investment Insights
Based on property information with market context.
This 9,100-square-foot retail property is associated with the Dollar General brand and is located at 2300 Niagara Falls Blvd in Niagara Falls, New York. The asset is identified within the grocery and convenience store property category.
Dollar General is described as a publicly traded company on the NYSE with investment-grade credit rated BBB/Stable by Standard & Poor’s. The company reports more than 20,000 locations across 48 states and $42.7 billion in fiscal year 2025 net sales.
Dollar General is described as a publicly traded company on the NYSE with investment-grade credit rated BBB/Stable by Standard & Poor’s. The company reports more than 20,000 locations across 48 states and $42.7 billion in fiscal year 2025 net sales.
Key Highlights
- 9,100‑square‑foot retail property
- Dollar General‑branded retail location
- Located at 2300 Niagara Falls Blvd, Niagara Falls, NY 14304
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
$100,098
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
6.16%
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%
$2,001,960
$2.0M
Cap Rate 7%
$1,429,971
$1.4M
Cap Rate 9%
$1,112,200
$1.1M
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
$163.8K $18.00/SF
− Vacancy
−$20.8K −$2.29/SF
EGI
$143.0K $15.71/SF
− OpEx
−$42.9K −$4.71/SF
NOI
$100.1K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /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%
$2,001,960
Cap Rate 7%
$1,429,971
Cap Rate 9%
$1,112,200
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,098 @ 7.0% cap · market cap 6.16%
Second Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,695 @ 7.0% cap · market cap 5.64%
Theoretical Best
Warehouse
$7.73M
$6.77M – $9.02M
NOI $541,257 @ 7.0% cap · market cap 33.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Tim Hortons
Dining
14,926 visits/mo
0.2 miles
Dollar General
Shops & Services
7,402 visits/mo
0.0 miles
Gerber Collision & Glass
Shops & Services
469 visits/mo
0.5 miles
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - National discount retailer location positioned along Niagara Falls Boulevard in Niagara Falls.
Where is this grocery and convenience store located?
The property is located at 2300 Niagara Falls Blvd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $1,626,000.
What are key features of this property?
This property features: 9,100‑square‑foot retail property; Dollar General‑branded retail location; Located at 2300 Niagara Falls Blvd, Niagara Falls, NY 14304
