Dollar General Market For
4247 US-11 De Kalb Junction, NY 13630
4247 US-11, De Kalb Junction, NY, 13630
Contact for pricing
For Sale
Contact for pricing
Triple net lease with rent increases on US-11.
Property Size12,670 SF
Price / SF$195.84
Days on Market52
Property Features for 4247 US-11
General Information
- Standard status
- Active
- Size
- 12,670 SF
- Property subtype
- RETAIL
Listing Agency
HMX Realty Advisors - Corporate
(212) 972-3947
Listed by
Daniel de Sa · License #NY 10311201830
Source
Moodyscre
Added: May 26 Checked: Jul 16 at 6:47 am
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.
This property features a Dollar General Market concept store, strategically located on the busy US-11 highway. The building has a larger footprint, accommodating fresh produce and meats. As an essential grocery provider for the regional corridor, this property is leased to Dollar General Corp (NYSE: DG), which holds an S&P Rating of “BBB” Investment Grade. The offering includes a new long-term triple net lease with rent increases. The property size is 12,670 square feet.
Key Highlights
- Investment Grade Tenant: Dollar General Corp (NYSE: DG) with S&P Rating of “BBB”
- New Long Term Triple Net Lease with Rent Increases
- Dollar General Market Concept with Fresh Produce/Meats
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 | $273.7k | $21.60 |
| − Vacancy | −$11.5k | −$0.91 |
| EGI | $262.2k | $20.69 |
| − OpEx | −$65.5k | −$5.17 |
| NOI | $196.6k | $15.52 |
12,670 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,633 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$2.30M
$2.01M – $2.68M
NOI $161,094 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,032 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - Triple net lease with rent increases on US-11.
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: Investment Grade Tenant: Dollar General Corp (NYSE: DG) with S&P Rating of “BBB”; New Long Term Triple Net Lease with Rent Increases; Dollar General Market Concept with Fresh Produce/Meats
