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Dollar General | Dense Demographics | Billboard Income

437 Tonawanda St, Buffalo, NY 14207

Listing Price: $1,448,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
10,050
Guarantor
Corporate Guarantee
Rentable SF
10,050
Price/Gross SF
$144.08
Lease Type
Double Net
Rent Per Square Feet
$11.04

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant Dollar General located in Buffalo, New York. Buffalo is the county seat of Erie County and serves as a primary gateway for commerce and travel across the Canadian border. The double net lease has approximately two years remaining, with rent increases at the start of each of the three five-year options. As a show of commitment to the site, the tenant obtained a liquor license in 2019. The subject property consists of a 10,050 square foot building on a 1.22-acre parcel and located less than a half-mile from Niagara Throughway, with more than 72,000 vehicles per day. Dollar General is a growing Fortune 500 company (#112) with revenue in excess of $27.8 Billion in 2020. Dollar General is an investment-grade credit tenant with a Standard & Poor’s rating of BBB. Dollar General has over 16,979 discount stores in 46 states. The company offers basic household supplies, including cleaning supplies, health aids, food, and apparel. Most of the merchandise carried in the stores is priced between $1 and $35.

Investment Highlights

  • Two Years Remaining on Double-Net Lease and Three, Five Year Options with Increases
  • Dense, Infill Location Located Five Miles from Downtown Buffalo
  • Licensed Liquor Premise Since 2019
  • Investment Grade Credit Tenant | S&P: BBB
  • Two Miles From SUNY Buffalo State College | Over 8,300 Students
  • 20-Minute Drive to Niagara Falls | 7.6 Million Annual Visitors in 2017
  • Buffalo is the County Seat of Erie County
  • Excellent Demographics: 18,284, 133,110 and 287,333 Residents within a One, Three and Five Mile Radius

Exclusively Listed By

Discount

Dollar General | Dense Demographics | Billboard Income

Listing Price: $1,448,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
10,050
Guarantor
Corporate Guarantee
Rentable SF
10,050
Price/Gross SF
$144.08
Lease Type
Double Net
Rent Per Square Feet
$11.04

Investment Highlights

  • Two Years Remaining on Double-Net Lease and Three, Five Year Options with Increases
  • Dense, Infill Location Located Five Miles from Downtown Buffalo
  • Licensed Liquor Premise Since 2019
  • Investment Grade Credit Tenant | S&P: BBB
  • Two Miles From SUNY Buffalo State College | Over 8,300 Students
  • 20-Minute Drive to Niagara Falls | 7.6 Million Annual Visitors in 2017
  • Buffalo is the County Seat of Erie County
  • Excellent Demographics: 18,284, 133,110 and 287,333 Residents within a One, Three and Five Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant Dollar General located in Buffalo, New York. Buffalo is the county seat of Erie County and serves as a primary gateway for commerce and travel across the Canadian border. The double net lease has approximately two years remaining, with rent increases at the start of each of the three five-year options. As a show of commitment to the site, the tenant obtained a liquor license in 2019. The subject property consists of a 10,050 square foot building on a 1.22-acre parcel and located less than a half-mile from Niagara Throughway, with more than 72,000 vehicles per day. Dollar General is a growing Fortune 500 company (#112) with revenue in excess of $27.8 Billion in 2020. Dollar General is an investment-grade credit tenant with a Standard & Poor’s rating of BBB. Dollar General has over 16,979 discount stores in 46 states. The company offers basic household supplies, including cleaning supplies, health aids, food, and apparel. Most of the merchandise carried in the stores is priced between $1 and $35.

Exclusively Listed By

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