Dollar General | Norwich, NY
Ideal DG Submarket | 10 Years Remaining | NNN
Marketing description
The Dollar General is strategically located at 6192 Highway 12 in Norwich, New York, along the city’s primary thoroughfare that sees 14,280 vehicles per day, providing strong visibility and consistent traffic exposure. The property is subject to a 15-year absolute NNN lease commencing June 26, 2021, and expiring June 30, 2036, with approximately 10 years remaining. The lease includes three (3) five-year renewal options with 10% increases in each option, providing predictable income growth and long-term stability.
Investment highlights
ABSOLUTE NNN LEASE - PASSIVE OWNERSHIP STRUCTURE
Under the NNN lease, Dollar General is responsible for taxes, insurance, and maintenance—including roof and structure—resulting in zero landlord obligations and a fully passive, management-free investment.
CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANT
The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant rated BBB by Standard & Poor’s, with nationwide operations exceeding 20,000 locations and 2024 revenue over $40 billion.
STRONG REAL ESTATE FUNDAMENTALS
This large 2.67-acre parcel in the main retail corridor of Norwich provides numerous redevelopment opportunities if the tenant were to ever vacate.
IDEAL DOLLAR GENERAL SUBMARKET
Dollar General serves as a primary source for grocery and household necessity items in Norwich, NY, a smaller community with a stable residential base. The property benefits from a strong local trade area and aligns with Dollar General’s focus on markets that combine consistent daily traffic with long-term population stability.
PROXIMITY TO HEALTHCARE AND EDUCATIONAL HUBS
The property benefits from nearby UHS Chenango Memorial Hospital and UHS Pediatrics Norwich, generating consistent local traffic. It is also situated approximately 60 miles from both Syracuse University and Cornell University in Ithaca, providing potential exposure to regional students, faculty, and visitors, including those exploring the Finger Lakes wine region.
LOCATED ALONG NORWICH’S BUSTLING RETAIL CORRIDOR
This Dollar General, located along State Highway’s bustling retail corridor, offers shoppers access to several retailers, including Aldi, Arby’s, Pizza Hut, Super 8 by Wyndham, and other local businesses, supporting strong daily exposure.
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