Dollar General
Perry, NY
Key Details
| Price: | $691,765 |
|---|---|
| Cap Rate: | 8.50% |
| Annual Rent: | $58,800 |
| Address: | 201 South Main Street, Perry, New York 14530 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 10/1/2003 |
| Lease Expiration: | 9/30/2028 |
| Lease Term Remaining: | 3.6 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 2.00 Acres |
| Building Size: | 8,687 SF |
| Year Built: | 2003 |
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 201 South Main Street, Perry, New York 14530. The site consists of roughly 8687 rentable square feet of building space on an estimated 2-acre parcel of land. This Dollar General is subject to a 25-year Double Net (NN) lease, which commenced 10/1/2003. The current annual rent is $58,800 and has scheduled increases of 8% Every Option.
About the Investment
- Investment Grade Guarantee | The lease is subject to a corporate guarantee from Dollar General (NYSE: DG), which operates over 19,000 stores in 47 states across the United States. Dollar General is the only investment grade credit dollar store operator.
- Strong Performance | This Dollar General ranks in the 87th percentile of all Dollar Generals site, according the Placer.Ai. Similarly, according to Placer.Ai, it is ranked the most visited store in a 15 mile radius out of 7 stores.
- Long Operating History | Dollar General has continuously operated this location since 2003. Over that period, they have exercised two, five-year option periods. There is a remaining one, five year renewal option period remaining, featuring a rental increase of 8%.
Key Details
| Price: | $691,765 |
|---|---|
| Cap Rate: | 8.50% |
| Annual Rent: | $58,800 |
| Address: | 201 South Main Street, Perry, New York 14530 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 10/1/2003 |
| Lease Expiration: | 9/30/2028 |
| Lease Term Remaining: | 3.6 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 2.00 Acres |
| Building Size: | 8,687 SF |
| Year Built: | 2003 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Russell Wachtler
rwachtler@nnnpro.com
License: NY: 10401294048
Edward DeMatteis
edematteis@nnnpro.com
License: NY: 10401375705
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.