Property summary
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
VerifiedCap rate & NOI
Current use
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Discount Store
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Postal Service Courier Service
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Fort Edward, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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