Listed by SURMOUNT
$1,377,840
Dollar General
Details
Property Type Retail, Special Purpose
Sub Type Dollar store
Square Footage 9,026
Cap Rate 7.50%
NOI $103,338
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Term 15
Lease Expiration 08/31/2030
Remaining Term 4.4
Year Built 2015
Acreage 1.020
Tenant Credit Corporate Guarantee
Lease Commencement 08/17/2015
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Dollar General located at 54 West Main Street, Brocton, NY 14716. The site consists of roughly 9,026 rentable square feet of building space on an estimated 1.02-acre parcel of land. Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 8/17/2015. The current annual rent is $103,338 and has scheduled increases of Variable.
Investment highlights
- Long-Term NNN Lease Structure | 15-year Triple Net (NNN) lease commenced 8/17/2015 providing passive ownership with minimal landlord responsibilities.
- Established National Credit Tenant | Dollar General is a leading discount retailer with thousands of locations nationwide and a proven, recession-resistant model.
- Attractive Rent Basis | Current annual rent of $103,338 offers stable in-place income with scheduled variable increases.
- Strategic Small-Town Retail Presence | Essential retail location serving as a primary convenience destination for the surrounding rural community.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,338.00
$8,611.50/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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