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Views: 176 Updated: 11.14.24 Posted: 08.10.23 Status: Inactive 11.14.24

Summary

Price $1,543,200
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 02-25-2022
#Units 19,986
Price/SF $169.58
Expiration 02-28-2037
Tenant Type Dollar/Discount
NOI $111,880
R. Term 12.2
Ownership Fee Simple
Rent/SF $12.29
Increases 10.0%/14/yrs
Pop 5Mi 8,942
Lot/AC 3.90
Options 3/5yrs/10%
AHHI 5Mi $85,056

Lease Highlights

  • 2022 construction featuring high-level finishes and distinct Dollar General design elements
  • This location features Dollar General’s newest prototype
  • Tenant has 13+ years remaining on the current lease term with 3 (5-year) options to extend Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease by Dollar General Corporation (NYSE: DG)

Location Description

This newly constructed Dollar General is positioned at the hard corner intersection of South Main Street and Hemlock Honeoye Road (US Route 20A) with access to 8,600 vehicles passing by daily. There is limited competition with the nearest discount store more than 5 miles away. The subject property is located at the tip of Hemlock Lake and near the Hemlock State Park and Boat Launch. Strong...

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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 : 435 2,431 8,087
2023 Total Population : 447 2,501 8,302
2023 Employed Civilian Pop : 237 1,379 4,443
2023 Total Businesses : 17 55 230
2023 Average Household Income : $ 84,639 $ 89,119 $ 92,304
2023 Total Consumer Spending : $ 13 M $ 76 M $ 270 M
2023 Median Age : 45 47 47
2023 Total Households : 188 1,016 3,428
2023 Pop Age 25+: Bachelor's Degree : 25 256 1,155
2023 Average Home Value : $ 188,580 $ 200,949 $ 223,822
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Main St Hemlock-Honeoye Rd 2011 2,734 0.05 mi
US 20A Hemlock Honeoye Rd 2021 1,536 0.45 mi
NY 15A Rix Hill Rd 2021 2,567 0.91 mi
Rix Hill Road Hemlock Launch Dr 2021 314 1.04 mi
Adams Road N Main St 2021 701 1.06 mi
North Main Street Richmond Mills Rd 2021 3,742 1.09 mi
Rix Hill Rd 2021 74 1.23 mi
Big Tree Road Federal Rd 2021 813 1.70 mi
North Main Street East Ave 2018 3,411 1.79 mi
Federal Road Big Tree Rd 2021 1,189 1.93 mi

Listing Broker

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