Overview

Description

• 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,000 locations
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2021, expanding its presence to 46 states throughout the country

• More than 30,500 residents and 7,600 employees support the 10-mile area
• $85,056 average household income withing 5-mile radius
• The subject property is located at the tip of Hemlock Lake and near the Hemlock State Park and Boat Launch
• Approximately 36 miles South of Rochester, NY
• Brand new construction which features high-level finishes and distinct design elements
• Subject property is positioned at the corner of South Main Street and Hemlock Honeoye Road (US Route 20A)
• Limited competition with the nearest discount store more than 5 miles away

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