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Dollar General Portfolio

201 S Main St, Perry, NY 14530

Listing Price: $852,173

Cap Rate
6.90%
Tenant Name
Dollar General
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
9,870
Lease Type
Double Net
Rent Per Square Feet
$5.96

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General Located at 201 South Main Street in Perry, New York. The property consists of 9,870 square feet of building space and is situated on a 2.00-acre parcel. Dollar General has been at this location since 2003 and recently extended the lease in 2019 for an additional 10 years. The property boasts an extremely low rent/square foot and is well located within the market with limited competition. The investment is subject to a double-net lease with roughly 6.8 years remaining on the lease. The current annual rent is $58,800 and is scheduled to increase in the one, five-year option period. Please contact listing agent for information regarding past store sales.

Investment Highlights

  • Leases Recently Extended for a Full 10-Year Term
  • In 2019 Landlord Contributed $100K in Improvements –New HVAC, Roof Repair, Lighting and Parking Lot
  • DG Recently Completed Full Interior Remodel

Exclusively Listed By

Discount

Dollar General Portfolio

Listing Price: $852,173

Cap Rate
6.90%
Tenant Name
Dollar General
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
9,870
Lease Type
Double Net
Rent Per Square Feet
$5.96

Investment Highlights

  • Leases Recently Extended for a Full 10-Year Term
  • In 2019 Landlord Contributed $100K in Improvements –New HVAC, Roof Repair, Lighting and Parking Lot
  • DG Recently Completed Full Interior Remodel

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General Located at 201 South Main Street in Perry, New York. The property consists of 9,870 square feet of building space and is situated on a 2.00-acre parcel. Dollar General has been at this location since 2003 and recently extended the lease in 2019 for an additional 10 years. The property boasts an extremely low rent/square foot and is well located within the market with limited competition. The investment is subject to a double-net lease with roughly 6.8 years remaining on the lease. The current annual rent is $58,800 and is scheduled to increase in the one, five-year option period. Please contact listing agent for information regarding past store sales.

Exclusively Listed By

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