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Views: 125 DOM: 256 Updated: 08.28.24 Posted: 01.04.24 Status: Active

Summary

Price $1,598,000
Built/Renov 2020
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 03-01-2021
#Units 19,986
Price/SF $177.04
Expiration 02-29-2036
Tenant Type Dollar/Discount
NOI $103,918
R. Term 11.5
Ownership Fee Simple
Rent/SF $11.51
Increases 10.0%/12/yrs
Pop 5Mi 7,797
Lot/AC 2.50
Options 4/5yrs/10%
AHHI 5Mi $83,387

Lease Highlights

  • Dollar General has 12 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located on State Route 104, an east-west state highway in Upstate New York, with access to 19,969 vehicles passing by daily. The property is situated adjacent to New Haven Elementary School and is in the vicinity of Mexico middle School, Mexico High, and other educational institutions. It is also in close proximity to Creekside Plaza, which is anchored by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 426 2,553 7,681
2023 Total Population : 436 2,613 7,797
2023 Employed Civilian Pop : 205 1,250 3,979
2023 Total Businesses : 15 35 189
2023 Average Household Income : $ 81,754 $ 81,798 $ 83,387
2023 Total Consumer Spending : $ 12 M $ 71 M $ 222 M
2023 Median Age : 43 43 43
2023 Total Households : 171 997 3,047
2023 Pop Age 25+: Bachelor's Degree : 54 331 794
2023 Average Home Value : $ 162,245 $ 164,525 $ 176,233
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Route 104 Soper Mills Rd 2021 3,193 0.19 mi
Darrow Rd 2021 143 0.32 mi
State Highway 104B Hwy 104 2021 2,606 1.07 mi
CR 6 Co Rte 6a 2021 292 1.08 mi
State Hwy 104 Keefe Rd 2008 6,630 1.13 mi
W Stone Rd 2021 264 1.27 mi
CR 1 Catfish Dr 2021 1,828 1.52 mi
NY 5 2018 5,908 2.01 mi
CR 6 Co Rte 64 2021 770 2.04 mi
Hurlbut Rd 2021 892 2.86 mi

Listing Broker

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