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33169968
33169959

40 East State Street, Mt Morris, NY 14510

DV
MN 20103724
Upland Real Estate Group Inc
KS
MN 81883
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc
$1,182,720
8 days on market
Updated 1 day ago
Opportunity zone

Dollar Tree

Details
APN 106.15-1-71.1
Property Type Retail
Sub Type Storefront
Square Footage 10,752
Units 1
Cap Rate 7.50%
NOI $88,704
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 02/28/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Two 5-Year
Year Built 1996
Stories 1
Acreage 1.930
Tenant Credit Corporate Guarantee
Lease Commencement 12/19/2023
Ground Lease No

Dollar Tree | Mt. Morris, NY | Near Letchworth State Park

Marketing description

Dollar Tree is located in Mount Morris, New York. This property is located along E State Street where traffic counts average 7,900+ VPD. Nearby tenants include Dunkin Donuts, McDonald’s, Walgreens, etc. Located near the entrance to Letchworth State Park, with approximately 1 millions visitors each year.

Investment highlights

• Dollar Tree is on a NN lease with approximately 7 years, 9 months remaining.

• Dollar Tree has S&P Rating of BBB with 9,000+ locations, revenues of $7.5 Billion.

• This property is located in Mt. Morris, New York, a city located in western New York within Livingston County, 42 miles south of Rochester and at the northern entrance to Letchworth State Park. Mt. Morris benefits from steady tourism traffic driven by nearby Letchworth State Park.

• Letchworth State Park, located near Mount Morris, New York, is widely known as the “Grand Canyon of the East.” The State Park attracts nearly 1 million visitors each year, stretching for miles along the Genesee River. The park encompasses more than 14,000 acres of dramatic scenery, including a deep gorge with cliffs rising hundreds of feet above the river. Three major waterfalls—Upper, Middle, and Lower Falls—anchor the landscape, while numerous smaller cascades and striking rock formations create unforgettable views from scenic overlooks throughout the park.

• 5-mile average household income of $82,755 and population of 7,718.

• Nearby tenants include McDonald’s, Walgreens, Dunkin, FedEx, Five Star Bank, etc.

• The village offers a small-town atmosphere with historic architecture, local shops, and provides convenient access to regional roadways provides connectivity to Rochester and other Western New York markets.

Listing Contacts

DV
MN 20103724
Upland Real Estate Group Inc
KS
MN 81883
Upland Real Estate Group Inc
AL
MN 20414946
Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$88,704.00
$7,392.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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