INVESTMENT OFFERING
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Family Dollar located in Schenectady, NY. This exceptional investment is secured by a brand new absolute triple net (NNN) lease with a 5 years remaining on the lease-year term term along with 10% increases in every 5 successive years with six 5-year options remaining.
Family Dollar now operates within a combined network of over 16,000 stores across 48 U.S. states, branded as Family Dollar and Dollar Tree. With $13.8B+ in sales in 2025 and strong corporate guarantee, Family Dollar is considered an investment grade tenant.
Strategically located in Schenectady, this asset is central to other national tenants (Dunkin’, Popeyes, Mcdonald’s, Denny’s, Autozone, Somino’s, Mavis Discount Tire, Sherwin Williams, etc.) and is in close proximity to multiple universities (Schenectady County Communit College (4,105+ Students) and Union College (2,065+ Students). The property benefits from superior visibility, signage and access, with traffic of over 12k vehicles per day. There are over 155,000 residents within a 5-mile radius, with an average household income greater than $99,000.
Corporate Guaranteed Lease from Family Dollar (S&P: BBB)
- Family Dollar has over 5.0-Years of lease term on a 15-Year lease with six (6) 5-year extension options
- The lease is corporate signed from Family Dollar Stores, Inc.
- The lease includes 10% rental increases at the start of each option period
Absolute NNN Lease Structure | Zero Landlord Responsibilities
- Tenant pays for Taxes, Insurance, CAM, and maintains all aspects of the building including roof, structure, and parking lot
- Zero Landlord Responsibilities
- Ideal Management Free Asset for a Passive Investor
Prime Location within a Dense Infill Market
- Over 12,000+ Vehicles Per Day | Excellent visibility & access along State Street
- Proximity to multiple Universities, including Schenectady County Communit College (4,105+ Students) and Union College (2,065+ Students)
- Dense retail corridor that includes numerous national retailers, such as McDonald’s, AutoZone, Dunkin’, Popeyes, Domino’s, Mavis Discount Tire, Sherwin Williams, O’Reilly, etc.
Excellent Local Demographics
- The site is surrounded by over 155,000 residents within a 5-mile radius, with an average household income that exceeds $99,000
- Situated within the Albany MSA, New York’s Capital Region that comprises over 1.2 Million residents across several counties
- Less than 1-Mile away from Downtown Schenectady, and 18-Miles from Downtown Albany
- Less than 10-Miles from Albany International Airport
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Family Dollar | $1,519,000 | 9.00% | ABS NNN | 8,320 | Available |