Dollar General | Proven Sales w/ Long Track Record at Site
8.15% Cap | Tenant Recently Signed New Lease
Marketing description
Cushman & Wakefield is pleased to present an exceptional net lease investment opportunity featuring a new long-term lease to Dollar General Corporation (NYSE: "DG"), a major national tenant with over 20,000 locations nationwide. Dollar General is an investment grade tenant (BBB-/Baa3 rated) with over $42 billion in 2025 revenue, providing a very strong corporate guarantee.
This high-visibility and easily accessible location is situated along North Main Street in Sherburne, New York, which experiences a high traffic count of 8,500+ vehicles per day. The property is located at the confluence of State Route 80 and State Route 12 & 12B, increasing commuter traffic and visibility directly past the site. The sizable 1.79-acre parcel allows for ease of ingress/egress, and the larger footprint 7,735-SF building accommodates more convenience store-type items.
The property serves as the only Dollar retailer in Sherburne with proven sales and is located within walking distance of Sherburne-Earlville High School (387 students), significantly increasing lunch-time traffic and overall visibility. The net lease requires minimal landlord management, ideal for both local and out-of-area investors, with the tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot.
Investment highlights
- Long-term net lease to Dollar General, a major national tenant with over 20,000 locations nationwide
- Dollar General is an investment grade tenant (BBB-/Baa3 rated)
- Lease is guaranteed by Dollar General Corporation (NYSE: 'DG'), with over $42 billion in 2025 revenue - a very strong corporate guarantee
- Property serves as the only Dollar retailer in Sherburne with proven sales
- High-visibility and easily accessible location along North Main Street, which experiences a high traffic count of 8,500+ vehicles per day in front of the site
- Located within walking distance of Sherburne-Earlville High School (387 students), significantly increasing lunch-time traffic and overall visibility
- High average annual household income of $83,505 within a five-mile radius of the site, projected to reach $89,600+ by 2030
- Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Dollar General and Sherburne for steady concurrent growth
- Common gateway to Downtown Syracuse (10 million annual visitors, $1.3B in annual tourist spending)
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