Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sherburne Dollar General Net Lease Title is generated by Realmo AI

    51 N Main St, Sherburne, NY 13460

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Net-leased Dollar General in Sherburne, NY with strong corporate guarantee.

    Type:Retail
    Property size:
    7,735 SF
    Lot size:
    1.79 Acres
    Price / SF:
    $187/SF
    Added:
    May 14, 2026
    Days on Market:
    13
    Last Refresh:
    May 16 at 8:45 pm

    Property Features for 51 N Main St

    General Information

    Standard status
    Active
    Size
    7,735 SF
    Lot size
    1.79 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Michael Yuras
    Michael Yuras

    Listing agent Michael Yuras License #CA 01823291

    Listing office Cushman & Wakefield - Sacramento, California

    Listing date May 14, 2026

    Source Crexi

    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 Cushman & Wakefield - Sacramento, California

    HighLights

    • New long‑term net lease to Dollar General Corporation (NYSE: "DG").
    • Dollar General is an investment grade tenant (BBB-/Baa3 rated).
    • High‑visibility location on North Main Street with 8,500+ vehicles per day.
    • Located at the intersection of State Routes 80 and 12 & 12B.
    • Large 1.79‑acre parcel with a 7,735‑SF building.
    • Minimal landlord management required.

    Overview

    This net lease investment opportunity features a new long-term lease with Dollar General Corporation, a national tenant with over 20,000 locations. Dollar General is an investment-grade tenant (BBB-/Baa3 rated) with over $42 billion in 2025 revenue. The property is located along North Main Street in Sherburne, New York, which experiences a traffic count of over 8,500 vehicles per day. The location is at the intersection of State Route 80 and State Routes 12 & 12B. The 1.79-acre parcel allows for ease of access. The 7,735-SF building accommodates convenience store-type items. The property serves as the only Dollar General retailer in Sherburne with proven sales and is located within walking distance of Sherburne-Earlville High School (387 students). The net lease requires minimal landlord management, with the tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot. The property is suitable for local and out-of-area investors.
    Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store Western Union Bank

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Skin Care Clinic Discount Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sherburne Big M — 31 N Main St, Sherburne, NY 13460

    Location Insight

    • Map
    • Local Demand
    City
    Sherburne
    County
    Chenango
    State
    New York
    Longitude
    -75.5516714
    Latitude
    42.7392281

    Nearby Similar for Sale

    • $219,000
      3,072 SF

      Turn-Key Tavern/Restaurant Opportunity

      Tavern/Restaurant in high-profile area with full kitchen and parking.
      20 Classic Street, Sherburne, NY 13460
      View Details
    • $109,000

      Sherburne 8.1-Acre Hobby Farm

      Private 8.1-acre property ideal for homesteading or hobby farming.
      443 State Highway 12B, Sherburne, NY 13332
      View Details
    • $219,000
      3,072 SF

      Turn-Key Tavern/Restaurant Opportunity

      Tavern/Restaurant in high-profile area with full kitchen.
      20 Classic St, Sherburne, NY 13460
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Net-leased Dollar General in Sherburne, NY with strong corporate guarantee.
    Where is this grocery and convenience store located?
    The property is located at 51 N Main St Sherburne, NY.
    What is the asking price?
    The asking price for this property is $1,448,000.
    What are key features of this property?
    This property features: New long‑term net lease to Dollar General Corporation (NYSE: "DG").; Dollar General is an investment grade tenant (BBB-/Baa3 rated).; High‑visibility location on North Main Street with 8,500+ vehicles per day.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Yuras
    Michael Yuras
    Real Estate License ID: CA 01823291
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51 N Main St, Sherburne, NY 13460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!