For Sale
$1,542,944

290 Broadway Fort Edward, NY 12828

High-Yield NNN Retail Property in NY

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • Over 10 years remaining on the lease, with options to extend.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities.
  • High-traffic location on Broadway (13,700 vehicles per day), near other businesses and Fort Edward Jr. High School, with excellent visibility.
  • Strong demographics within a 5-mile radius.

Property Details for 290 Broadway

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2019
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Fort Edward
County
Washington
State
New York
Latitude
43.2533606
Longitude
-73.5711912

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Property in NY
Where is the retail property located?
The property is located at 290 Broadway Fort Edward, NY.
What is the asking price?
The asking price for this property is $1,542,944.
What are key features of this property?
This property features: Over 10 years remaining on the lease, with options to extend.; Absolute NNN lease; fee simple ownership; no landlord responsibilities.; High-traffic location on Broadway (13,700 vehicles per day), near other businesses and Fort Edward Jr. High School, with excellent visibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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290 Broadway
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