290 Broadway, Fort Edward, NY 12828-1202
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.
-
Dollar General Discount Store
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Fort Edward, NYFort Edward. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.