135 East Main Street, Angelica, NY 14709 For Sale

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Dollar General located at 135 E. Main Street in Angelica, New York. Built in 2020, the 9,026-square-foot retail property sits on 1.56 acres and is leased to Dolgen New York, LLC, with a corporate guaranty from Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB credit rating from S&P. The property is subject to an absolute triple-net (NNN) lease, providing investors with truly passive ownership and zero landlord responsibilities.

Dollar General is one of the nation's largest discount retailers, operating more than 20,800 locations across the United States and generating approximately $42.7 billion in annual revenue. The current lease extends through October 31, 2034, with approximately 8.3 years of remaining primary term and five 5-year renewal options, each featuring 10% rental increases. The combination of an investment-grade corporate guaranty, long-term lease structure, and contractual rent growth offers investors durable cash flow backed by a nationally recognized essential retailer.

The property is strategically positioned along East Main Street (NY Route 19), one of Angelica's primary commercial corridors, with convenient access to Interstate 86. Dollar General serves as the area's primary neighborhood discount retailer, drawing customers from Angelica and the surrounding communities throughout Allegany County. The location benefits from limited direct competition, proximity to local employers and community destinations, and regional connectivity via I-86, making it a vital retail destination for everyday necessities. Supported by stable rural demographics and the area's role as a commercial hub for the surrounding trade area, the property represents an attractive long-term net lease investment offering stable income and minimal management responsibilities.