Dollar General 201 Main St S 8,687 SF Retail Building Perry, NY 14530 $691,765 ($79.63/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Guarantee | The lease is subject to a corporate guarantee from Dollar General (NYSE: DG)
- Long Operating History | Dollar General has continuously operated this location since 2003.
- Strong Performance | This Dollar General ranks in the 87th percentile of all Dollar Generals site, according the Placer.Ai.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 201 South Main Street, Perry, New York 14530. The site consists of roughly 8687 rentable square feet of building space on an estimated 2-acre parcel of land. This Dollar General is subject to a 25-year Double Net (NN) lease, which commenced 10/1/2003. The current annual rent is $58,800 and has scheduled increases of 8% Every Option.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,687 SF
Building Class
C
Year Built
2003
Price
$691,765
Price Per SF
$79.63
Cap Rate
8.50%
NOI
$58,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
Zoning
05 - Retail
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 562603-100-011-0005-039-001-0000 | Improvements Assessment | $354,600 |
| Land Assessment | $40,400 | Total Assessment | $395,000 |
