Property profile

290 Broadway Fort Edward, NY 12828

OFF-MARKET
Retail space
Property ID
US63-1549440
9,100 SF 1.69 ac lot Built 2019
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Total area 9,100 SF
Lot 1.69 ac (73,616 SF)
Zoning code 05 - COMMERCIAL
APN 533089 163.14-1-33
UPID US63-1549440

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Postal Service Courier Service
  • Bank Credit Union

Location

290 Broadway Fort Edward, NY 12828-1202
Fort Edward metro Census 88001 GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.87M
CAP Approach CAP
$1.75M
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$1.96M

Owner & transaction history

since 2025
Last sale
$1.5M
5 recorded transactions
2025
$1.5M
2021
Price N/A
2021
$1.7M
2019
Price N/A
2019
$270,000

Zoning & alternative use

05 - COMMERCIAL · Fort Edward, NY
Top alternative use upside
Restaurant $1.2M +2.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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