4989 S Catherine St Plattsburgh, NY 12901
NNN Dollar General in Plattsburgh, NY with over 8 years remaining.
Property size:
9,026 SFLot size:
1.40 AcresProperty Features for 4989 S Catherine St
General Information
- Standard status
- Active
- Zoning
- Commercial
- Size
- 9,026 SF
- Lot size
- 1.40 Acres
Building Details
- Year built
- 2013
Source:
Crexi
Listing Agency: Fortis Net Lease Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Plattsburgh Dollar General Investment Opportunity
This 9,026 square foot Dollar General store is located in Plattsburgh, New York. The property operates under an Absolute NNN Lease, assigning zero landlord responsibilities. The tenant, Dollar General, recently extended their lease term, which now has 8.25 years remaining. The lease incorporates 5% rental rate increases at each of the four 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB”, classified as Investment Grade. The store has been open and operating since September 2013. It ranks as the 2nd most foot trafficked store within a 15 mile radius and performs in the top 25% of all DG stores Nationwide. The store is positioned on S Catherine Street, which sees 11,555 cars per day. The location benefits from a 5-mile population of 29,804 and a 1-mile average household income of $53,974 per year. The store is located near residential homes and is 0.7 miles from the State University of New York Plattsburgh campus, which has 4,500 students and 900 staff. The property is suitable for a 1031 exchange buyer or a passive investor.
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Similar Places Nearby
Yando's Big M Supermarket
Location Insight
- Map
- Local Demand
- City
- Plattsburgh
- County
- Clinton
- State
- New York
- Longitude
- -73.4581064
- Latitude
- 44.6887264
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General in Plattsburgh, NY with over 8 years remaining.
Where is this grocery and convenience store located?
The property is located at 4989 S Catherine St Plattsburgh, NY.
What is the asking price?
The asking price for this property is $1,674,881.
What are key features of this property?
This property features: - Absolute NNN Lease with zero landlord responsibilities.; - Corporately guaranteed lease by Dollar General Corporation (Investment Grade Credit Rating of "BBB").; - Lease extended with 8.25 years remaining and 5% rental rate increases at each of the 4 (5 year) options to renew.
