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Views: 20 DOM: 17 Updated: 05.02.24 Posted: 05.02.24 Status: Active

Summary

Price $857,142
Built/Renov 2003
Tenant Dollar General
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 11-01-2003
#Units 19,986
Price/SF $94.19
Expiration 10-31-2028
Tenant Type Dollar/Discount
NOI $60,000
R. Term 4.5
Ownership Fee Simple
Rent/SF $6.59
Increases 5.0%/4/yrs
Pop 5Mi 22,440
Lot/AC 1.00
Options 1/5yrs/5%
AHHI 5Mi $77,403

Lease Highlights

  • Dollar General has been operating in this location since 2003
  • The tenant has 4+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 5% rental escalations at the start of the option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Broad Street, with access to 17,460 vehicles passing by daily. The property is conveniently situated just off Interstate 86. Additionally, the store ranks within the top 1% of Dollar General locations nationwide, underscoring its exceptional performance and strategic importance as per Placer Ai. Furthermore, the site is further enhanced as there is...

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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 : 5,852 17,272 22,224
2023 Total Population : 5,984 17,491 22,456
2023 Employed Civilian Pop : 2,775 8,232 10,463
2023 Total Businesses : 224 691 816
2023 Average Household Income : $ 70,418 $ 74,445 $ 77,403
2023 Total Consumer Spending : $ 166 M $ 504 M $ 665 M
2023 Median Age : 43 44 44
2023 Total Households : 2,664 7,715 9,793
2023 Pop Age 25+: Bachelor's Degree : 481 1,865 2,377
2023 Average Home Value : $ 156,908 $ 167,864 $ 174,373
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hickey St 2021 2,160 0.13 mi
Southern Tier Expy Connecting Rd 2006 17,460 0.16 mi
Cayuta Ave 2021 1,838 0.17 mi
NY 34 I- 86 2021 10,053 0.19 mi
Cayuta Ave 2021 1,742 0.21 mi
I- 86 2021 2,102 0.24 mi
Spaulding St 2021 3,562 0.27 mi
Broad Street 2018 3,691 0.27 mi
NY 34 Barker Pl 2021 6,735 0.29 mi
Reel St 2022 43 0.32 mi

Listing Broker

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