290 BroadwayFort Edward, NY 12828

Property Details for 290 Broadway

Year built

2019

Lot size

1.69 AC

Property size (Sq ft)

9,100 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

533089 163.14-1-33

APU

53308916314133

Description

This exceptional investment opportunity presents a fee-simple Dollar General located at 290 Broadway, Fort Edward, NY 12828. The 9,100 square foot property, built in 2019, sits on a 1.69-acre lot and boasts a 15-year absolute NNN lease with 4 five-year options, each including a 10% rent increase. The current lease commenced November 21, 2019, and expires November 30, 2034, ensuring long-term stability. The property enjoys a 7.20% cap rate and a strong NOI of $111,092, with a price per square foot of $169.55. This location benefits from high visibility along Broadway (13,700 vehicles per day), proximity to Fort Edward Jr. High School, and a favorable demographic profile within a 5-mile radius. The property is ranked in the top 18% of all Dollar Generals nationwide according to Placer AI, indicating strong performance and potential for future growth. Zero landlord responsibilities are required due to the absolute NNN lease structure. The asking price is $1,542,944. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term potential. The property's strong tenant, lease terms, and location make it an attractive addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $3,323,054

  6.5%

  $3,067,434

  7%

  $2,848,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,016,435

  Geo Method

  $2,996,295

• Alternative Use

  Use

  Valuation

  Residential

  $2,587,496

  Hospitality

  $2,370,132

  Educational

  $1,971,922

  Medical

  $2,039,740

  Retail

  $3,067,434

Location Insight

City

Fort Edward

County

Washington

State

New York

Latitude

43.2792

Longitude

-73.5856

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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