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Views: 110 Updated: 01.16.24 Posted: 08.22.23 Status: Inactive

Summary

Price $1,579,688
Built/Renov 2019
Tenant Dollar General
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,211
Lease Start 11-01-2019
#Units 19,294
Price/SF $171.50
Expiration 11-30-2034
Tenant Type Dollar/Discount
NOI $101,100
R. Term 10.2
Ownership Fee Simple
Rent/SF $10.98
Increases 10.0%/11/yrs
Pop 5Mi 7,047
Lot/AC 2.20
Options 4/5yrs/10%
AHHI 5Mi $98,424

Lease Highlights

  • Dollar General has over 11 years remaining on its current lease term with 4 (5-year) options to renew
  • Lease features an increase of 10% in each of the option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located along State Route 5, a major thoroughfare that extends for 370.80 miles across the state of New York. The site benefits from limited competition as the next closest Dollar General is located over 5 miles away. This location serves as the main source of goods for the immediate population. The Bloomdale Mobile home park is positioned directly in front of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 719 3,111 11,307
2023 Total Population : 718 3,126 11,503
2023 Employed Civilian Pop : 347 1,574 5,986
2023 Total Businesses : 14 93 444
2023 Average Household Income : $ 106,073 $ 105,431 $ 113,350
2023 Total Consumer Spending : $ 35 M $ 125 M $ 473 M
2023 Median Age : 51 49 47
2023 Total Households : 393 1,386 4,897
2023 Pop Age 25+: Bachelor's Degree : 85 435 1,998
2023 Average Home Value : $ 297,863 $ 277,537 $ 280,054
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 20;NY 5 Olmstead Rd 2021 5,775 0.04 mi
US Hwy 20 State Hwy65 2011 5,178 0.44 mi
Honeoye Creekside Mobile Home Park 2021 129 0.47 mi
E Main St Dussett Ln 2010 5,373 0.61 mi
NY 65 House Rd 2021 1,634 1.41 mi
County Road 37 Dugway Rd 2021 2,163 1.61 mi
Taft Rd Wesley Rd 2008 526 1.69 mi
Co Rd 35 Co Rd 14 2012 1,124 1.83 mi
Co Rd 37 Seymour Rd 2012 1,532 1.88 mi
East Main Street Clay St 2021 5,055 1.91 mi

Listing Broker

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