Dollar General Stores For Sale
15 YEAR LEASES ABSOLUTE NNN
PLattsburgh, NY
901 Military Turnpike
Plattsburgh, NY 12901
Price: $ 2,068,494
NOI: $ 109,630
Cap Rate: 5.30%
Tenant: Dollar General
Open: Oct 25 2021
Brochure
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amazon resistant
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Corporate guarantee
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full 15 year lease remaining
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Three 5-year options
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10% Annual increases
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New Construction
CLASS A Construction
Rare Best-in-Class Design & Construction: This fully wood-framed and gable-roofed Dollar General in Plattsburgh has one of the strongest demographic locations in Upstate New York. COMPARE this Best-in-Class Design & Construction featuring: Gable Roof, Open Vaulted Ceiling, Wood Framing, Hardy Plank Siding, and Clear Span Interior (no interior columns) WITH ALL OTHERS (flat roofs, lower ceilings, prefabricated metal buildings, and interior metal columns).
Durability * Longevity * Functionality * Appeal
CORPORATE PROFILE
Dollar General Corporation has been delivering value to shoppers for 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,000 stores in 44 states as of September 28, 2019. In addition to high-quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. Learn more about Dollar General at www.dollargeneral.com.
LEASE TERMS
Years Remaining:
Type:
Year Built:
Square Feet:
Acreage:
15
NNN
2021
9,100
YEARS
(Options *)
1 - 15
16 - 20 *
21 - 25 *
26 - 30 *
ANNUAL RENT
$ 109,630
$ 120,593
$ 132,652
$ 145,918
RENT / SF
$ 12.04
$ 13.25
$ 14.57
$ 16.03
START DATE
10/25/2021
10/25/2026
10/25/2031
10/25/2036
RENT INCREASE
NA
10%
10%
10%
2019 Demographics
MILE RADIUS DRIVE TIME
5 7 9 15 20
POPULATION 33,109 41,322 48,511 38,854 48,512
HOUSEHOLDS 13,004 16,282 19,199 15,113 18,405
MEDIAN INCOME $41,520 $43,120 $44,715 $ 42,928 $43,933
MEDIAN AGE 42.15 42.34 42.36 42.03 42.38
AVERAGE DAILY TRAFFIC COUNT
Military Turnpike 5,995
Irish Settlement Rd 2,489
We make no representations or warranties regarding the properties described. The information contained herein is not guaranteed and is subject to errors, omissions, changes in terms and conditions, prior sale, lease and withdrawal without notice.