2301 Ny-37 Fort Covington, NY 12937

This exceptional investment opportunity presents a fee-simple ownership of a 9,219 square foot Dollar General store in Fort Covington, NY. The property boasts a 15.1-year absolute NNN lease with a remaining term of 5.8 years, providing significant long-term stability and minimal landlord responsibilities. The lease commenced August 9, 2015, and expires August 31, 2030, with four five-year renewal options, each including a 10% rent increase. The tenant, Dollar General Corporation, offers a corporate guarantee and holds an investment-grade credit rating of "BBB." The property, built in 2015, sits on a 2-acre lot at 2301 NY-37, a highly visible location with 4,231 vehicles passing daily. The strong demographics include an 8,493 population and a $58,962 average household income within a ten-mile radius. The asking price is $1,156,210, representing a cap rate of 8.10% and a price per square foot of $125.42. The property generates a net operating income (NOI) of $93,653. This single-story building is ideally suited for a 1031 exchange buyer or passive investor seeking a secure, high-return investment in a nationally recognized brand. The property is currently 100% occupied.