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Views: 162 DOM: 299 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $2,351,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,663
Lease Start 02-23-2024
#Units 19,986
Price/SF $185.66
Expiration 02-28-2039
Tenant Type Dollar/Discount
NOI $159,891
R. Term 14.3
Ownership Fee Simple
Rent/SF $12.63
Increases 5.0%/5/yrs
Pop 5Mi 2,172
Lot/AC 4.11
Options 3/5yrs/5%
AHHI 5Mi $68,334

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 5% rental increase every 5 years throughout the primary term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on State Road 3, with access to 1,534 vehicles passing by daily. This prime location is further accentuated by the limited competition in the area. The 5-mile trade area is supported by a population of 2,172 with an average household income of $68,334. Henderson is a town in Jefferson County, New York. The population was 273 at the 2021 census....

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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 : 247 963 1,639
2023 Total Population : 254 990 1,684
2023 Employed Civilian Pop : 92 384 650
2023 Total Businesses : 20 39 49
2023 Average Household Income : $ 97,521 $ 97,803 $ 95,514
2023 Total Consumer Spending : $ 10 M $ 38 M $ 62 M
2023 Median Age : 50 49 48
2023 Total Households : 124 442 749
2023 Pop Age 25+: Bachelor's Degree : 29 113 186
2023 Average Home Value : $ 309,158 $ 321,202 $ 327,162
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NY 178 Mill St 2021 730 0.55 mi
CR 178 Gobbe Hill Rd 2021 1,518 0.73 mi
Reed Canal Rd 2021 413 0.76 mi
Penney Rd 2021 455 0.81 mi
Grant Rd 2021 450 1.03 mi
Game Club Rd 2021 329 1.09 mi
Harbor View Ests W 2021 319 1.25 mi
Grant Rd 2021 187 1.45 mi
Grandjean Rd 2021 304 1.56 mi
Lane Rd 2021 363 1.68 mi

Listing Broker

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