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 2:41PM

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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 HMX Realty Advisors

Investment Insights

Based on property information with market context.

A brand new DG Market is available for sale in De Kalb Junction, New York. This newly constructed building, encompassing 12,670 square feet, is situated on a 6.72-acre parcel of land. The store is scheduled to open in June 2026. De Kalb Junction is a hamlet in the Town of De Kalb, St. Lawrence County, located along U.S. Route 11, the primary commercial highway traversing northern New York State. The DG Market format serves as an expanded grocery-focused concept by Dollar General, making it particularly well-suited for this community where full-service grocery access is limited. The area is served by the Hermon-DeKalb Central School District and is located in the broader North Country region of New York, near the Canadian border and the county seat of Canton. This property represents a rare opportunity to acquire a newly constructed, grocery-anchored NNN retail asset in an underserved market.

Key Highlights

• Brand new DG Market opening June 2026, providing a stable, long‑term tenant.
• Located in an underserved market with limited full‑service grocery access, ensuring high demand.
• Newly constructed 12,670 sf building on a large 6.72 acre parcel.

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

$196,633

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

7.92%

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%

$3,932,660 $3.9M

Cap Rate 7%

$2,809,043 $2.8M

Cap Rate 9%

$2,184,811 $2.2M

Market Conditions

NOI Build-Up for 12,670 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

$273.7K $21.60/SF

− Vacancy

−$11.5K −$0.91/SF

EGI

$262.2K $20.69/SF

− OpEx

−$65.5K −$5.17/SF

NOI

$196.6K $15.52/SF

Area

St. Lawrence County, NY

Vacancy

4.20%

Lease Rate

$21.60 /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%

$3,932,660

Cap Rate 7%

$2,809,043

Cap Rate 9%

$2,184,811

Alternative Uses

Best Use

Specialty Retail

$2.81M

$2.46M – $3.28M (±1% cap)

NOI $196,633 @ 7.0% cap · market cap 7.92%

Second Best

Retail

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $161,094 @ 7.0% cap · market cap 6.49%

Theoretical Best

Office A

$3.14M

$2.75M – $3.67M (±1% cap)

NOI $220,032 @ 7.0% cap · market cap 8.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Grocery & Convenience Store Big Box & Wholesale Store Building Supply Hair Salon

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

39

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13630, NY

1,486

Population

455

Households

3.3

Avg Household Size

38

Median Age

15%

College-Educated

81%

High-School Grad

45.8 sq mi

ZIP Area

32

Density / Sq Mi

$67,000

Median Household Income

$37,117

Median Earnings

$85,100

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

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Newly constructed DG Market in De Kalb Junction, NY.

Where is this grocery and convenience store located?

The property is located at 4247 US-11 De Kalb Junction, NY.

What is the asking price?

The asking price for this property is $2,481,250.

What are key features of this property?

This property features: Brand new DG Market opening June 2026, providing a stable, long‑term tenant.; Located in an underserved market with limited full‑service grocery access, ensuring high demand.; Newly constructed 12,670 sf building on a large 6.72 acre parcel.