324 Ny-43 Stephentown, NY 12168

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Dollar General store in Stephentown, NY. The property, built in 2020, boasts 9,166 square feet on a 1.692-acre lot at the intersection of NY State Route 22 and NY State Route 43, offering excellent visibility and accessibility. The 15-year lease, commencing September 1, 2020, and expiring August 31, 2035, has a remaining term of 10.8 years, providing substantial long-term income security. The lease includes four 5-year renewal options with a 10% rent increase with each renewal. The current annual net operating income (NOI) is $109,838, resulting in a 6.15% cap rate and a price per square foot of $194.85. The property benefits from a corporate guaranteed lease, eliminating landlord responsibilities. The tenant, Dollar General Corporation, enjoys a strong credit rating and a proven track record of success, further enhancing the investment's stability. Located one mile from the Massachusetts border and 25 miles from Albany, NY, this property offers a compelling combination of strong tenant, favorable lease terms, and a desirable location. The asking price is $1,785,984.