424 S MAIN ST Elmira NY 14904-1314

General Property Information

• Walgreens Sublease with Dollar General

• Rent Per SF = $24.56 NNN

• Elmira, NY Metro Population = 81,325 (https://censusreporter.org/profiles/31000US21300-elmira-ny-metro-area/)

• +/-1.3 Miles from Elmira Central Business District

• Located on a signalized hard corner at the intersections of S Main St and Pennsylvania Ave

• S Main (VPD) = 7,911

• Pennsylvania Ave (VPD) = 8,173

• DG has occupied the property for +/-3 years

• Property is in top 15% of DG’s Nationwide (#2,864 out of +19,380 Locations) ‘Per Placer.AI’

• Property is in top 24% of DG’s within a 15 Mile-Radius (#5 out of 17 Locations) ‘Per Placer.AI’

• 2025 Sales of +2.35 Million (Reach out for documentation affirming this)

General Metro Information

• Elmira was awarded $10 Million by NY state for the DRI (Downtown Revitalization Initiative), using funds to attract new businesses and residents

• +/-226 additional Affordable Housing Units have been developed in Elmira since 2015

• Home of Elmira College (Student population of +/-650 and total employees of +/-280) (https://www.elmira.edu/)

• Home of Arnot Health (Annual revenues of 400-600 Million and approximately 3,500 Employees) (https://www.arnothealth.org/)

Distance to Major Metros

• Ithaca, NY = 34.5 Miles

• Binghamton, NY = 57.3 Miles

• Syracuse, NY = 89.4 Miles

• Single Tenant Freestanding Dollar General in Elmira, NY

• Long Term Absolute NNN Lease - 10+ Years Remaining with Zero (0) Landlord Responsibilities

• Dense Demographics - 5,500+ People Reside within 1 Mile Radius of Site - 15,200+ People Reside within 3 Mile Radius of Site

• High Traffic Counts - 8,100+ Vehicles Pass Site Per Day on Pennsylvania Ave. - 7,200+ Vehicles Pass Site Per Day on S Main St.

• Located in a Dense Retail Corridor Surrounded by Several National Tenants Including USPS, Family Dollar, and many more

• Dollar General Holds an Investment Grade Credit Rating of BBB With S&P and a Positive/Stable Outlook

• Dollar General's Store Count Increases Year Over Year Further Strengthening the Corporate Guarantee

• Essential Retailer - Internet, Pandemic, and Recession Resistant Tenant