DOLLAR GENERAL | DICKINSON CENTER, NEW YORK
INVESTMENT SUMMARY
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
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)