Building Details

Building Size 9,100 SF

Listed By: Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1 Show Phone

Source: Marcusmillichap

Added: Aug 20 Changed: Oct 1 Last Checked: Oct 5 at 3:04PM

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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.

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 / Yr

$100,098

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $100,098 @ 7.0% cap · market cap 6.16%

Second Best

Specialty Retail

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,695 @ 7.0% cap · market cap 5.64%

Theoretical Best

Warehouse

$7.73M

$6.77M – $9.02M (±1% cap)

NOI $541,257 @ 7.0% cap · market cap 33.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Dollar General Discount Store Hearts for the Homeless Charitable Organization

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Dental Office Auto Parts Store

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

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

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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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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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