South New Berlin, NY - Dollar General

Description:

Brand New 15-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increase
• Estimated Completion March 2021
• 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 16,500 locations
• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
Strong Operator | 1,000 New Stores In 2020
• 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 $26 billion in 2019
• The company plans to open 1,000 new stores across the U.S. in 2020, expanding its presence to 46 states throughout the country
Located Along State Highway 23 | Limited Competition | Brand New Construction | Excellent Visibility & Access
• Strategically located along State Highway 23, one of the main roadways in the trade area and leading to Norwich
• This site is the only discount store within South New Berlin, creating a large consumer draw for the immediate trade area, closest discount store is more than 8 miles from this location
• Brand new construction which features high level finishes and distinct design elements
• The asset benefits from excellent visibility via significant street frontage along both county roads and is equipped with a large pylon sign
Local Demographics & Trade Area
• More than 23,600 residents and 12,300 employees support the 10-mile trade area
• $61,090 average household income

Located Along State Highway 23 | Limited Competition | Brand New Construction | Excellent Visibility & Access
• Strategically located along State Highway 23, one of the main roadways in the trade area and leading to Norwich
• This site is the only discount store within South New Berlin, creating a large consumer draw for the immediate trade area, closest discount store is more than 8 miles from this location
• Brand new construction which features high level finishes and distinct design elements
• The asset benefits from excellent visibility via significant street frontage along both county roads and is equipped with a large pylon sign
Local Demographics & Trade Area
• More than 23,600 residents and 12,300 employees support the 10-mile trade area
• $61,090 average household income

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Listing ID: a284o000001MwqBAAS