Morristown, NY

3712 NY SR 37

Morristown, NY 13669

Price:                        $ 1,904,598

NOI:                          $    103,801

Cap Rate:                          5.45%

Tenant:                 Dollar General

Open:                   Nov 25 2021

Brochure

  • amazon resistant

  • Corporate guarantee

  • full 15 year lease remaining

  • Three 5-year options

  • 10% Annual increases

  • New Construction

CLASS A Construction

Rare Best-in-Class Design & Construction: This fully wood-framed and gable-roofed Dollar General is located on New York State Route 37, the major arterial running along the St Lawrence River in the beautiful Thousand Islands Region of 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

$ 103,801 

$ 114,181 

$ 125,599 

$ 138,159 

RENT / SF

$ 11.40

$ 12.54

$ 13.80

$ 15.18

START DATE

11/25/2021

11/25/2026

11/25/2031

11/25/2036

RENT INCREASE

NA

10%

10%

10%

2019 Demographics

                                                 MILE RADIUS                               DRIVE TIME        
                     
                 5                  7                 9                  15                 20    

POPULATION                2,045           3,297          4,761             4,523        12,130 
HOUSEHOLDS                785           1,250          1,789              1,767          4,622
MEDIAN INCOME     $49,253      $ 47,620      $ 47,721         $ 46,622     $ 39,113 
MEDIAN AGE               38.95           38.78          38.59               38.91         40.20
RADIUS MAP
DRIVE TIME

AVERAGE DAILY TRAFFIC COUNT

New York State Route 37                                 5,361

Property Map

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.