Purchase Price | $2,200,000 |
---|---|
Annual Rental Income | $165,000 |
Cap Rate | 7.5% |
Lease Term | 11 Years |
City | Fishkill |
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Dollar General stands as a retail powerhouse, operating nearly 20,000 locations across the U.S., underpinned by an investment-grade corporate guarantee and structured through absolute triple-net leases that shift all property-related costs—taxes, insurance, structural upkeep, and HVAC—to the tenant, ensuring investors enjoy secure, hands-off income in both strong and weak economic cycles.
In Fishkill, New York—a historic town of about 23,000 residents nestled approximately 60 miles north of New York City—Dollar General benefits from a diverse and resilient economic environment. Fishkill features solid household incomes, with a median of around $97,000 and per capita income near $52,000 , reflecting a stable consumer base. The town’s economy is well-rounded, anchored by health care, manufacturing, transportation, warehousing, and a dynamic retail scene with annual retail sales exceeding $432 million, or roughly $19,154 per capita. Fishkill also benefits from cultural and historical appeal—its village district on Main Street is a registered historic district with charming local businesses and a thriving food scene—and offers easy highway access via I‑84, drawing commuters, tourists, and service workers to support steady foot traffic. The community is family- and commuter-oriented, characterized by high home values (~$280K–$379K), strong broadband penetration, low poverty (~7%), and high labor force participation. Against this backdrop, a Dollar General store in Fishkill is well-positioned to serve everyday needs of local households, commuters, students, and seasonal visitors. The blend of corporate strength and a stable, economically sound market makes this location an attractive, low-risk asset for any net-lease real estate portfolio—offering long-term reliability and minimal landlord responsibilities while capitalizing on a vibrant local economy and consistent consumer demand.