1 Stewart St Dolgeville, NY 13329

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.

Location Insight

City

Dolgeville

County

Herkimer

State

New York

Longitude

-74.7811

Latitude

43.0939

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments