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Views: 134 DOM: 287 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $2,070,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,849
Lease Start 03-15-2024
#Units 19,986
Price/SF $190.80
Expiration 03-31-2039
Tenant Type Dollar/Discount
NOI $140,761
R. Term 14.4
Ownership Fee Simple
Rent/SF $12.97
Increases 5.0%/5/yrs
Pop 5Mi 5,068
Lot/AC 1.97
Options 3/5yrs/5%
AHHI 5Mi $73,312

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • 5% rental increases every 5 years throughout the primary term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on State Rte Hwy 12. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 5,068 with an average household income of $72,312. Port Leyden is a village situated in Lewis County, New York. As of the 2021 census, the population was recorded at 578 residents. The subject property...

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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 : 583 1,753 3,871
2023 Total Population : 600 1,796 3,926
2023 Employed Civilian Pop : 285 851 1,845
2023 Total Businesses : 17 48 138
2023 Average Household Income : $ 67,944 $ 69,081 $ 75,354
2023 Total Consumer Spending : $ 15 M $ 45 M $ 108 M
2023 Median Age : 41 42 43
2023 Total Households : 254 743 1,610
2023 Pop Age 25+: Bachelor's Degree : 18 65 245
2023 Average Home Value : $ 151,435 $ 154,531 $ 171,803
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Moose River Rd 2021 1,366 0.63 mi
E Main St 2021 1,838 0.69 mi
Railroad St 2021 904 0.83 mi
Shaver Rd 2021 877 0.99 mi
North St 2021 976 1.02 mi
Roger Rd 2021 254 1.49 mi
Bea Luck Road E Main St 2021 4,883 1.61 mi
Kelpytown Rd 2021 235 1.67 mi
Bea Luck Rd 2021 91 1.68 mi
East Rd 2021 260 1.84 mi

Listing Broker

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