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Views: 132 DOM: 304 Updated: 10.30.24 Posted: 02.21.24 Status: Active

Summary

Price $1,156,210
Built/Renov 2015
Tenant Dollar General
Cap Rate 8.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,219
Lease Start 08-09-2015
#Units 19,986
Price/SF $125.42
Expiration 08-31-2030
Tenant Type Dollar/Discount
NOI $93,653
R. Term 5.8
Ownership Fee Simple
Rent/SF $10.16
Increases 10.0%/1/yrs
Pop 5Mi 2,186
Lot/AC 2.00
Options 4/5yrs/10%
AHHI 5Mi $59,183

Lease Highlights

  • Dollar General has 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on NY-37, with access to 5,650 vehicles passing by daily. The property is surrounded by key establishments such as True Value, Northern New York Auto Sales, Auto Value, Smith Auto & Tire, and more. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 2,186 residents with an...

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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 : 397 1,100 2,639
2023 Total Population : 411 1,137 2,643
2023 Employed Civilian Pop : 172 489 922
2023 Total Businesses : 17 40 67
2023 Average Household Income : $ 61,119 $ 61,591 $ 68,091
2023 Total Consumer Spending : $ 9 M $ 25 M $ 62 M
2023 Median Age : 42 43 38
2023 Total Households : 167 473 1,048
2023 Pop Age 25+: Bachelor's Degree : 14 34 246
2023 Average Home Value : $ 125,600 $ 135,854 $ 173,167
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CR 43 Pike St 2021 506 0.64 mi
Center St 2021 75 0.81 mi
Chateaugay St Dundee Rd 2006 4,550 0.86 mi
Salmon St 2021 280 0.86 mi
Dundee Road 2018 437 0.90 mi
Center St 2021 675 0.92 mi
Covington Hill Rd 2021 171 1.02 mi
CR 43 Drum St 2021 265 1.11 mi
North St 2021 41 1.16 mi
CR 42 Leroux Ln 2021 483 1.38 mi

Listing Broker

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