DOLLAR GENERAL | HOPKINTON, NEW YORK



INVESTMENT SUMMARY

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

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