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116 County Route 5
Dickinson Center, NY 12930
Dollar General · Retail Property For Sale
PROPERTY FACTS
About 116 County Route 5 , Dickinson Center, NY 12930
NEW CONSTRUCTION DOLLAR GENERAL Brand New 9,100 SF Build to Suit Dollar General in St. Regis Falls, NY. This store opened in November 2017. INVESTMENT GRADE TENANT Dollar General is a publicly traded company (NYSE: DG) and operates over 14,321 locations nationwide with a net worth of over four billion and recorded over $22 Billion in sales in 2016. Dollar General is opening 1,000 locations this year and currently holds an investment grade credit rating of BBB with S&P. LONG-TERM CORPORATE ABSOLUTE NNN LEASE The subject property has a new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including Taxes, Insurance, CAM, Roof, HVAC, and Structure. RENT INCREASES There are 10 percent rent increases in each of the five, 5-year option periods. ST. REGIS FALLS, NY St. Regis Falls is a hamlet located in the northern foothills of the Adirondacks within the Dickenson Center town limits. The property is well-located in town on North Main Street next to the St. Regis Falls Central School (291 Students). The St. Regis River, a tributary or the St. Lawrence River flows through the center of town, and is a tourist destination for trout fishing and camping and golfing, hunting, skiing, and a variety of summer and winter sports are a short drive away. UPPER STATE NEW YORK TOURISM St. Regis Falls sits in close proximity to Lake Placid and Adirondack State Park. The Adirondack Wilderness is a popular tourist destination in Upper State New York and draws 7-10 million visitors annually. In 2016, tourism revenues for the Adirondack area grew to over $1.3 Billion with over 21,206 jobs supported.
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PROPERTY TAXES
Parcel Number | 163800-209-000-0005-004-000-0000 | Improvements Assessment | $400,000 |
Land Assessment | $16,600 | Total Assessment | $416,600 |
PROPERTY TAXES
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Listing ID: 7359937
Date on Market: 5/24/2017
Last Updated:
Address: 116 County Route 5, Dickinson Center, NY 12930