Listed by AMC Real Estate
$1,440,171
Top Performing Dollar General in the United States
Details
Property Type Retail
Sub Type Convenience Store, Shopping Center
Square Footage 9,100
Cap Rate 7%
NOI $100,812
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options (5) 5 Years Option
Price per SqFt $158
Year Built 2018
Acreage 1.430
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/29/2018
Ground Lease No
Access to 30K+ VPD | Absolute NNN Lease | Interstate Access | Affluent Location
Marketing description
AMC Real Estate Investment Services presents a Dollar General on an absolute triple-net lease in Apalachin, New York, within the Binghamton MSA. Built in 2018, the 9,100 SF building sits on 1.43 acres along State Route 434, a primary commercial corridor with direct connectivity to the Southern Tier Expressway (I-86 / NY-17) and traffic exposure of approximately 30K+ VPD. The trade area is supported by average household incomes exceeding $100,000 within a 1, 2, 3, 5, and 10-mile radius. Approximately 7.4 years remain on the original 15-year corporate lease, with five 5-year options at 10% rent bumps — delivering long-term, passive income backed by an investment-grade retailer.
Investment highlights
- In the 97th Percentile of all Dollar General Stores Nationwide
- In the 98th Percentile of all Dollar General Stores in New York
- Interstate access to 30K+ vehicles per day along Interstate 86
- Located on a Large 1.43 Acre Lot
- Located in a Highly Affluent Area where Average HH Incomes Exceed $100K within a 1, 2, 3, 5, 10 mile radius of the site
- NNN Lease with No Landlord Responsibilities
- ±7.4 Years of Term Remaining on the Original 15-Year Lease, with Five 5-Year Renewal Options Extending Potential Term Through July 31, 2058
- 10% Rental Increases at the Start of Each Option Period — Escalating from $100,812 to $162,359
- Corporate-Guaranteed Lease Backed by Dollar General Corporation (NYSE: DG) — Investment-Grade Tenant with Over 20,000 Locations Nationwide
- Modern 2018 Construction Featuring Strong Frontage and Convenient Ingress/Egress Along State Route 434
- 104,869 Residents Within 10 Miles
- Located Within the Binghamton MSA — Diversified Employment Base Across Healthcare, Higher Education (Binghamton University, SUNY Broome Community College), Manufacturing, Retail Trade, Logistics, and Public-Sector Employers
Listing Contacts
Listed by AMC Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,812.00
$8,401.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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