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DOLLAR GENERAL | DICKINSON CENTER, NEW YORK

Purchase Price
$1,720,000
Location
116 County Route 5
Cap Rate
6.04%
Annual Rent
$103,836.00
Building Size
9,100 SF
Land Area
1.15 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
11 Years
LEASE EXPIRATION
09/30/2032
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
29 Spaces
Year Built
2017
APN
209.-5-4
Traffic Counts
1,353 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 11 Years Remaining in the Initial 15 Year Lease Term
  • 2017 Build to Suit Construction - 9,100 SF
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

RECENT STORE REMODEL:

  • The Subject Property was Remodeled in 2021 at the Sole Cost & Expense of Dollar General
 

PROXIMITY FROM DICKINSON CENTER, NEW YORK:

  • Burlington, Vermont | 98 Miles
  • Syracuse, New York | 164 Miles
  • Albany, New York | 189 Miles
  • Manchester, New Hampshire | 260 Miles
  • Boston, Massachusetts | 310 Miles
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 17,683 Stores in 46 States as of July 30, 2021
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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