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Dollar Tree

3486 State St, Schenectady, NY 12304

Listing Price: $1,578,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
9,900
Lease Type
Double Net
Rent Per Square Feet
$11.16

Investment Overview

Headquartered in Chesapeake, VA, Dollar Tree, Inc. is the largest and most successful single-price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and five Canadian provinces, supported by a solid and scalable logistics network. The company has steadily increased its revenue over the years. Between 2016 and 2017, revenue increased by 33.67%, and between 2017 and 2018, revenue increased by 7.38%. In 2014, Dollar Tree acquired the Family Dollar brand for $8.5 billion. Located in eastern New York State near the joining of the Mohawk and Hudson Rivers, Schenectady is the county seat of New York’s Schenectady County and is situated in the Albany metropolitan area. The city is home to approximately 66,135 Residents with over 24,500 households.

Investment Highlights

  • Recent Lease Extension - 7 Years Remaining on Lease Term
  • Excellent Visibility – Nearly 38,000 CPD at the State Street & Balltown Road Intersection
  • 147,165 Residents in Growing Schenectady Trade Area – Albany MSA
  • Average Household Income Exceeds $91,000 within a 3-Mile Radius
  • Strong Daytime Population – 157,786 Employees in Surrounding Area
  • Located in Major Retail Corridor – Tenants Include Target, Marshalls, PetSmart, Lowe's, Old Navy, Five Guys, Chipotle, and Panera Bread
  • Minutes from Albany International Airport and Downtown Albany
  • 4 Miles South of Union College (2,200+ Students)

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Listing Price: $1,578,000

Cap Rate
7.00%
Tenant Name
Dollar Tree
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
9,900
Lease Type
Double Net
Rent Per Square Feet
$11.16

Investment Highlights

  • Recent Lease Extension - 7 Years Remaining on Lease Term
  • Excellent Visibility – Nearly 38,000 CPD at the State Street & Balltown Road Intersection
  • 147,165 Residents in Growing Schenectady Trade Area – Albany MSA
  • Average Household Income Exceeds $91,000 within a 3-Mile Radius
  • Strong Daytime Population – 157,786 Employees in Surrounding Area
  • Located in Major Retail Corridor – Tenants Include Target, Marshalls, PetSmart, Lowe's, Old Navy, Five Guys, Chipotle, and Panera Bread
  • Minutes from Albany International Airport and Downtown Albany
  • 4 Miles South of Union College (2,200+ Students)

Investment Overview

Headquartered in Chesapeake, VA, Dollar Tree, Inc. is the largest and most successful single-price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and five Canadian provinces, supported by a solid and scalable logistics network. The company has steadily increased its revenue over the years. Between 2016 and 2017, revenue increased by 33.67%, and between 2017 and 2018, revenue increased by 7.38%. In 2014, Dollar Tree acquired the Family Dollar brand for $8.5 billion. Located in eastern New York State near the joining of the Mohawk and Hudson Rivers, Schenectady is the county seat of New York’s Schenectady County and is situated in the Albany metropolitan area. The city is home to approximately 66,135 Residents with over 24,500 households.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

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