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Dollar General
4311 New York 9G, Germantown, NY 12526
$1,723,376
Cap Rate 6.70%
Summary
| Price $1,723,376 | Built/Renov 2020 | Tenant Dollar General |
| Cap Rate 6.70% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,145
| Lease Start
02-22-2021
| #Units
19,294
|
| Price/SF $188.45 | Expiration
02-29-2036
| Tenant Type Dollar/Discount |
| NOI $115,466 | R. Term 12.2 | Ownership Fee Simple |
| Rent/SF
$12.63
| Increases 10.0%/3/yrs | Pop 5Mi 10,031 |
| Lot/AC 1.38 | Options 4/5yrs/10% | AHHI 5Mi $95,153 |
| | |
Lease Highlights
- Dollar general has 12+ years remaining on the current lease term with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General is conveniently located on Rt. 9G which sees 4,309 vehicles passing by daily. The property benefits from neighboring establishments including Valley Harvest Ice Crem and Grill, Germantown Library, Quality Landscaping and Home Improvement, Germantown Central Highschool (520 students), and more, all of which provide a direct customer base and promote crossover traffic to the site....
...Features
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Build to suit
-
Strategically located
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Affluent suburb location
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Major MSA
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Absolute NNN
-
Long 10+ yr lease
-
Limited competition
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 851 | 2,552 | 8,112 |
| 2023 Total Population : | 873 | 2,599 | 8,151 |
| 2023 Employed Civilian Pop : | 386 | 1,245 | 3,904 |
| 2023 Total Businesses : | 61 | 111 | 328 |
| 2023 Average Household Income : | $ 118,810 | $ 118,994 | $ 114,185 |
| 2023 Total Consumer Spending : | $ 43 M | $ 118 M | $ 344 M |
| 2023 Median Age : | 49 | 49 | 48 |
| 2023 Total Households : | 428 | 1,154 | 3,497 |
| 2023 Pop Age 25+: Bachelor's Degree : | 149 | 401 | 1,247 |
| 2023 Average Home Value : | $ 454,718 | $ 443,035 | $ 424,248 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| CR 8 | Young America Rd | 2021 | 207 | 0.20 mi |
| Cheviot Rd Exn | 2021 | 88 | 1.01 mi | |
| Hover Ave Exd | 2021 | 169 | 1.23 mi | |
| Northern Blvd | 2021 | 300 | 1.48 mi | |
| US Hwy 9 | Quarry Rd | 2008 | 4,210 | 1.85 mi |
| Hart Rd | 2021 | 102 | 1.88 mi | |
| NY 157 | 2018 | 2,394 | 1.92 mi | |
| CR 35A | State Rte 9g | 2021 | 125 | 1.93 mi |
| Eastern Pkwy | 2021 | 731 | 2.13 mi | |
| State Highway 9G | E Camp Rd | 2021 | 4,556 | 2.16 mi |
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