Overview

Description

• DG Plus store with upgraded construction characteristics
• 15-year lease with 2 (5-year) & 1 (4-year 11 months) 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 in 47 states as of July 29, 2022
• 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

• Destination location around the NY Finger Lakes (limited roads to travel around the region)
• Dollar General is strategically fronting Ridge Road - Traffic counts nearly 9,000
• 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
• This location is Dollar General’s newest prototype
• The property is located near the area of NY known as “Finger Lakes”
• The asset has excellent visibility via street frontage providing ease and convenience for customers
• Nearly 40,000 residents and 18,000 employees support the trade area
• $118,723 average household income

---