Dollar General NNN Investment
For Lease
$1,674,881 NNN (Triple Net)
4989 S Catherine St., Plattsburgh, NY 12901
NNN Dollar General with over 8 years remaining on primary term.
Space SizeContact for details
Property Size9,026 SF
Days on Market155
Property Features for 4989 S Catherine St.
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Net Operating Income
$119,754
Building Details
Year Built
2013
Listing Agency:
Bang Realty
(734) 755-6359
Listed By:
Bryan Bender · License ##BK3327646
(734) 755-6359
Source:
Fortisnetlease
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 9,026 SF Dollar General store is located in Plattsburgh, New York. The property is secured with an Absolute NNN Lease, offering zero landlord responsibilities, with 8.25 years remaining on the primary term. The lease includes 5% rental rate increases at each of the four 5-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB", classified as Investment Grade. Open and successfully operating since September 2013, the store ranks as the 2nd most foot trafficked store within a 15-mile radius and performs in the top 25% of all Dollar General stores nationwide. The property is located 0.7 miles from the State University of New York Plattsburgh Campus, seeing 11,555 cars per day. The building was constructed in 2013 with an upgraded architectural style. The surrounding area has a 1-mile household income of $53,974 and a 5-mile population of 29,804. Plattsburgh, New York, is situated where the Adirondack Mountains meet the western shore of Lake Champlain.
Key Highlights
- Absolute NNN Lease with zero landlord responsibilities and 8.25 years remaining on the primary term.
- Corporately guaranteed by Dollar General Corporation with an Investment Grade “BBB” credit rating.
- Store performs in the top 25% of all Dollar General stores nationwide.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,291 visits/mo
0.1 miles
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Yando's Big M Supermarket — 14 Skyway Shopping Center, Plattsburgh, NY 12901
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN Dollar General with over 8 years remaining on primary term.
Where is this grocery and convenience store located?
The property is located at 4989 S Catherine St. Plattsburgh, NY.
What is the lease rate?
The lease rate is $1,674,881.
What are key features of this property?
This property features: Absolute NNN Lease with zero landlord responsibilities and 8.25 years remaining on the primary term.; Corporately guaranteed by Dollar General Corporation with an Investment Grade “BBB” credit rating.; Store performs in the top 25% of all Dollar General stores nationwide.
