1860 NY-52 - Storefront FOR SALE


Liberty, NY 12754
$735,484 USD
215-603-6914
1860 NY-52, Liberty, NY for Sale
$735,484 USD
Storefront - FOR SALE
1/4
null | 7.75% Cap Rate

1860 NY-52
Liberty, NY 12754


HIGHLIGHTS

  • Lease is corporately guaranteed by Dollar General, an investment-grade credit tenant with 2024 revenue of $40.61B and 20,000+ locations nationwide
  • Dollar General has continuously operated at this location since 2003, extending its lease several times
  • According to Placer.ai, this location ranks in the 94th percentile nationwide among all Dollar General stores, with 213,000+ annual visits
  • This property is the only Dollar General within a 7+ mile radius, serving as a vital provider of grocery, household, and daily essentials
  • Situated on NY-52 (15,138 VPD) and just 1.3 miles from NY-17 (18,328 VPD), the site benefits from outstanding visibility along a Catskills Corridor
  • Within a 1-mile radius, population has grown by over 2% since 2020 and is projected to continue growing through 2029

OVERVIEW

CBRE is pleased to exclusively present for sale this long-standing Dollar General in Liberty, NY, located in the scenic Catskill Mountains. This store has operated successfully since 2003, underscoring Dollar General’s strong performance and long-term commitment to the site. The current lease runs through September 2027, with one remaining 5-year renewal option that includes a 5.26% rental increase. The property is leased to Dolgencorp of New York, Inc., a wholly owned subsidiary of Dollar General Corporation—an investment-grade tenant (S&P: BBB) with over 20,000 locations nationwide and 2024 revenue of $40.61 billion. The NNN lease makes the tenant 100% responsible for taxes, insurance, and maintenance expenses, while the landlord is only responsible for the roof and structure—offering passive, reliable income backed by a strong corporate guaranty. This Dollar General sits in a prime submarket for the brand, serving a community of fewer than 10,000 residents—Dollar General’s top-performing market segment, where nearly 70% of their stores are located. With no other Dollar General within a 7+ mile radius, this location acts as a mission-critical provider of grocery, household, and daily essentials to the surrounding community. The store ranks in the 94th percentile nationwide for foot traffic among all Dollar General stores, with 213,000+ annual visits according to Placer.ai—significantly outperforming national averages and enhancing the likelihood of long-term tenancy. This offering is priced under $1 million, making it an accessible and compelling investment opportunity for first-time NNN buyers, all-cash investors, or 1031 exchange buyers seeking low-management, essential retail backed by a creditworthy corporate tenant.

FOR SALE DETAILS

PRICE

$735,484 USD

PRICE/SF

$91 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

3689-030-0-0001-022-001

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.