1 Stewart St Dolgeville, NY 13329
- Super regional malls
- 9,120 SF
- 0.64 lot acres
Current Use by Public Records
- Dollar General / Discount Store / Party Store
- Redbox / Movie Rental Kiosk / Dvd Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
- MoneyGram / Money Transfer Service
Property Details for 1 Stewart St
- Year built
- 2007
- Lot size
- 0.64 lot acres
- Property size
- 9,120 SF
- Zone code
- CN
- Property type
- Super regional malls
- APN
- 213601 108.59-2-25
- APU
- 21360110859225
Description
This exceptional investment opportunity presents a 9,000 square foot Dollar General storefront located at 1 Stewart St, Dolgeville, NY 13329. Built in 2007 on a 0.64-acre lot, this property boasts a strong 7.50% cap rate and a substantial NOI of $71,040. The current lease, a Net Net (NN) agreement, has 5 years remaining on a 10-year term, with a further 4.7 years remaining due to an early lease extension by the tenant. This extension underscores Dollar General's long-term commitment to this location. The lease includes 10% increases in option periods. The property benefits from a high occupancy rate of 100% and is situated in a desirable area with an average household income of approximately $74,000 within a 3-mile radius. Dollar General, a tenant with an investment-grade credit rating of bbb (S&P), has demonstrated consistent growth, reporting 34 consecutive quarters of sales increases. Its e-commerce presence and recession-resistant business model provide significant long-term stability, particularly attractive in a potentially softening market. Dollar General's extensive network of over 20,000 locations and ongoing expansion plans further solidify this investment's potential. The asking price for this prime retail property is $947,000. This is a rare opportunity to acquire a high-performing, stable investment with a blue-chip tenant in a strong market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $960,000
- 6.5%
- $1,030,000
- 7%
- $970,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,035,000
- Geo Method
- $1,040,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,140,000
- Retail
- $1,255,000
- Mixed-Use
- $1,070,000
- Hospitality
- $1,270,000
- Educational
- $1,060,000
- Residential Income
- $1,100,000
- Energy
- $1,170,000
- Income-Based Land
- $1,205,000
- Food Service
- $1,050,000
Location Insight
- Map
- Local Demand
- City
- Dolgeville
- County
- Herkimer
- State
- New York
- Longitude
- -74.7811
- Latitude
- 43.0939
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
