291 Oakwood Ave Troy, NY 12182
Freestanding retail property with long-term lease and rent increases.
Property Features for 291 Oakwood Ave
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- RETAIL
Listing office HMX Realty Advisors - Corporate (212) 972-7457
Listing date May 26, 2026
Source Moodyscre
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 - Corporate
Investment Insights
Based on property information with market context.
Key Highlights
- Investment grade tenant: Dollar General Corp (NYSE: DG) with S&P rating “BBB”
- New long term triple net lease with rent increases
- High population density: ~110,000 people within 5‑miles
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.8k | $18.00 |
| − Vacancy | −$6.9k | −$0.76 |
| EGI | $156.9k | $17.24 |
| − OpEx | −$39.2k | −$4.31 |
| NOI | $117.7k | $12.93 |
