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Views: 215 DOM: 357 Updated: 11.15.24 Posted: 12.31.23 Status: Active

Summary

Price $692,000
Built/Renov 2003
Tenant Dollar General
Cap Rate 8.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,181
Lease Start 10-01-2003
#Units 19,986
Price/SF $75.37
Expiration 04-30-2028
Tenant Type Dollar/Discount
NOI $58,800
R. Term 3.4
Ownership Fee Simple
Rent/SF $6.40
Increases 8.0%/5/yrs
Pop 5Mi 6,718
Lot/AC 2.00
Options 1/5yrs/8%
AHHI 5Mi $70,370

Lease Highlights

  • Dollar General has been operating in this location since 2003
  • Tenant has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 8% rental increase at the start of the remaining option
  • Corporate guaranteed lease | Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located on Main Street, with access to 4,555 vehicles passing by daily. The property is ideally situated within a two mile radius of top employers in the Town of Perry, including Creative Food Ingredients, Inc., Pioneer Credit Recovery, Perry Central School, JN White, American Classic Outfitters. Additionally, it sits approximately one mile from Perry...

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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 : 3,201 5,435 6,695
2023 Total Population : 3,188 5,444 6,718
2023 Employed Civilian Pop : 1,577 2,663 3,161
2023 Total Businesses : 117 177 218
2023 Average Household Income : $ 67,954 $ 68,349 $ 70,370
2023 Total Consumer Spending : $ 85 M $ 140 M $ 177 M
2023 Median Age : 41 42 42
2023 Total Households : 1,433 2,337 2,863
2023 Pop Age 25+: Bachelor's Degree : 334 595 694
2023 Average Home Value : $ 139,831 $ 149,577 $ 154,904
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Main Street 2018 4,620 0.05 mi
Chestnut St 2021 73 0.37 mi
Watrous St 2021 241 0.45 mi
Watrous St 2021 770 0.46 mi
NY 39 Camp Rd 2021 4,940 0.61 mi
Spring St 2021 102 0.67 mi
Water St 2021 1,473 0.77 mi
Oatka Road Private Rd E 2021 2,219 0.80 mi
Borden Ave 2021 778 0.81 mi
Leicester St 2021 309 0.83 mi

Listing Broker

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