DOLLAR GENERAL | HOPKINTON, NEW YORK

Purchase Price
$1,615,133
Location
2776 NY-11B
Cap Rate
6.00%
Annual Rent
$96,908.00
Building Size
9,100 SF
Land Area
2.08 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
10.75 Years
LEASE EXPIRATION
08/31/2032
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2017
APN
67.034-1-1.1
Traffic Counts
2,798 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 10.5 Years Remaining in the Initial Lease Term (Lease Exp: 10/31/2033)
  • 2017 Build to Suit Construction
  • 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
 

PROXIMITY FROM HOPKINTON:

  • Burlington, Vermont | 103 Miles
  • Syracuse, New York | 156 Miles
  • Albany, New York | 194 Miles
  • Manchester, New Hampshire | 266 Miles
  • Boston, Massachusetts | 316 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 195 Residents
  • 1-Mile Average Household Income = $91,115
  • 3-Mile Population = 929 Residents
  • 3-Mile Average Household Income = $79,378
  • 5-Mile Population = 1,778 Residents
  • 5-Mile Average Household Income = $79,641
  • 7-Mile Population = 3,494 Residents
  • 7-Mile Average Household Income = $79,664
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,190 Stores in 47 States as of February 25, 2022
  • Ranked #91 on the Fortune 500 List

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