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Views: 91 DOM: 208 Updated: 09.15.24 Posted: 02.21.24 Status: Active

Summary

Price $1,349,025
Built/Renov 2016
Tenant Dollar General
Cap Rate 8.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,191
Lease Start 01-18-2017
#Units 19,986
Price/SF $146.78
Expiration 01-31-2032
Tenant Type Dollar/Discount
NOI $109,271
R. Term 7.4
Ownership Fee Simple
Rent/SF $11.89
Increases 10.0%/7/yrs
Pop 5Mi 3,699
Lot/AC 2.03
Options 4/5yrs/10%
AHHI 5Mi $61,467

Lease Highlights

  • Dollar General has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations 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 Main Street, with 3,932 vehicles passing by daily. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 3,699 residents with an average household income of $61,467. Avoca is a town in Steuben County, New York. The population was 1,996 at the 2020 census. The subject...

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Maps

  • 1 Mile
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  • 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 : 710 1,671 3,427
2023 Total Population : 717 1,691 3,484
2023 Employed Civilian Pop : 371 840 1,625
2023 Total Businesses : 23 46 97
2023 Average Household Income : $ 80,859 $ 78,742 $ 74,724
2023 Total Consumer Spending : $ 21 M $ 55 M $ 97 M
2023 Median Age : 45 45 45
2023 Total Households : 290 781 1,463
2023 Pop Age 25+: Bachelor's Degree : 89 192 352
2023 Average Home Value : $ 134,040 $ 153,314 $ 164,073
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NY 157 River St 2018 2,129 0.05 mi
Co Rd 6 2021 1,748 0.05 mi
Michigan Hollow Rd 2021 4,376 0.31 mi
Maple Ave 2021 118 0.40 mi
Grant St 2021 52 0.45 mi
Steuben St 2021 61 0.55 mi
Dale and W Cutoff 2021 2,073 0.56 mi
Michigan Hollow Road State Rte 415 2021 1,612 0.61 mi
Dale and W Cutoff 2021 940 0.62 mi
I- 390 2021 761 0.85 mi

Listing Broker

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