Chateaugay, NY

94 West Main Street

Chateaugay, NY 12920

Price:                        $  2,113,591

NOI:                          $    113,077

Cap Rate:                          5.35%

Tenant:                 Dollar General

Open:                   Sept 30 2021

Brochure

  • amazon resistant

  • Corporate guarantee

  • full 15 year lease remaining

  • Three 5-year options

  • 10% Annual increases

  • New Construction

CLASS A Construction

Rare Best-in-Class Design & Construction: This fully wood-framed and gable-roofed Dollar General is located on the main thoroughfare of Chateaugay, NY, which serves as the central business district for the surrounding community in Upstate New York. COMPARE this Best-in-Class Design & Construction featuring: Gable Roof, Open Vaulted Ceiling, Wood Framing, Hardy Plank Siding, and Clear Span Interior (no interior columns) WITH ALL OTHERS (flat roofs, lower ceilings, prefabricated metal buildings, and interior metal columns).


Durability * Longevity * Functionality * Appeal

CORPORATE PROFILE


Dollar General Corporation has been delivering value to shoppers for 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,000 stores in 44 states as of September 28, 2019. In addition to high-quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. Learn more about Dollar General at www.dollargeneral.com.

LEASE TERMS

Years Remaining: 

Type: 

Year Built: 

Square Feet:

Acreage: 

15

NNN

2021

9,100

YEARS

(Options *)

1 - 15

16 - 20 *

21 - 25 *

26 - 30 *

ANNUAL RENT

$ 113,077 

$ 124,384 

$ 136,823 

$ 150,506 

RENT / SF

$ 12.42

$ 13.66

$ 15.03

$ 16.54

START DATE

9/30/2021

9/30/2026

9/30/2031

9/30/2036

RENT INCREASE

NA

10%

10%

10%

2019 Demographics

                                                 MILE RADIUS                               DRIVE TIME        
                     
                 5                  7                 9                  15                 20    

POPULATION                2,843           4,106          5,821             5,192        13,559
HOUSEHOLDS              1,057           1,555          2,241             1,864          5,057
MEDIAN INCOME      $41,362       $42,331      $43,445          $43,080      $39,851 
MEDIAN AGE                40.44           39.77          39.70             41.56          42.38

AVERAGE DAILY TRAFFIC COUNT

New York State Route 11                         5,452

New York State Route 374                       1,189

Property Map

We make no representations or warranties regarding the properties described. The information contained herein is not guaranteed and is subject to errors, omissions, changes in terms and conditions, prior sale, lease and withdrawal without notice.