New Dollar General
For Sale
Contact for pricing
291 Oakwood Ave, Troy, NY 12182
New Dollar General in Brunswick, NY, opening June 2026.
Property Size9,100 SF
Lot Size1.19 Acres
Price / SF$279.03
Days on Market158
Property Features for 291 Oakwood Ave
General Information
Standard status
Active
Size
9,100 SF
Class
A
Lot size
1.19 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$165,048
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
HMX Realty Advisors
Listed By:
Dan de Sa · License #NY 40DE0945716
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 HMX Realty Advisors
Investment Insights
Based on property information with market context.
A brand new Dollar General store is available for sale in Brunswick, NY. This newly constructed building, encompassing 9,100 square feet, is situated on a 1.19-acre parcel of land. The building features upgraded construction materials, including hardie board siding and trim, brick wainscot, and architectural asphalt shingles on the roof. The store is scheduled to open in June 2026. Brunswick is a growing suburban town in Rensselaer County, directly bordering the city of Troy to the west, and provides convenient access to the broader Albany-Schenectady-Troy Capital District metro area via Hoosick Road (Route 7) and Interstate 87. The property is situated on Oakwood Avenue (Route 40), a key north-south artery serving the region. The 5-mile trade area encompasses approximately 110,000 residents. The surrounding trade area is anchored by a Walmart, ALDI, and the Brunswick Square shopping center along Hoosick Road, and benefits from proximity to Rensselaer Polytechnic Institute (~7,000 students) and Hudson Valley Community College (~10,000 students), which drive consistent consumer traffic.
Key Highlights
- Brand new Dollar General opening June 2026 in Brunswick, NY.
- Located on Route 40 with high visibility and accessibility.
- Strong trade area demographics with approximately 110,000 residents within a 5‑mile radius.
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
$117,690
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
4.63%
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%
$2,353,800
$2.4M
Cap Rate 7%
$1,681,286
$1.7M
Cap Rate 9%
$1,307,667
$1.3M
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
−$6.9K −$0.76/SF
EGI
$156.9K $17.24/SF
− OpEx
−$39.2K −$4.31/SF
NOI
$117.7K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,353,800
Cap Rate 7%
$1,681,286
Cap Rate 9%
$1,307,667
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,690 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,844 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,772 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Dunkin' Donuts
Dining
8,157 visits/mo
0.3 miles
Hudson River Community Credit Union
Shops & Services
483 visits/mo
0.4 miles
Demographics for 12182, NY
14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
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 - New Dollar General in Brunswick, NY, opening June 2026.
Where is this grocery and convenience store located?
The property is located at 291 Oakwood Ave Troy, NY.
What is the asking price?
The asking price for this property is $2,539,200.
What are key features of this property?
This property features: Brand new Dollar General opening June 2026 in Brunswick, NY.; Located on Route 40 with high visibility and accessibility.; Strong trade area demographics with approximately 110,000 residents within a 5‑mile radius.
