ATTRACTIVE LOW RENT & PRICE POINT • This Dollar General location is paying a low $5.66 per SF in rent and is attractively priced at $645,000, which is less than half the price of most Dollar Generals.
NO DOLLAR STORE COMPETITION • The subject property is located at the intersection of Hwy 14A (4,831 VPD) and Hwy 40 (1,276 VPD) with excellent street frontage, access, and visibility. • The property is located in Down Town Dundee, around an attractive residential area and a half a mile from Dundee Central School with 669 students enrolled. • There are no other dollar stores in Dundee or within 20 miles of this location.
RECENTLY EXERCISED OPTION • The subject property is a 9,014 square foot Dollar General that has been at this location since 2005. • Dollar General recently exercised a 5-year option period early and increased the rent showing their commitment to this location. • There are 5.5 years remaining on a NN lease and three, 5-year option periods each with 5.88% rent increases. • The tenant is responsible for reimbursement of taxes and insurance, keeping an HVAC maintenance contract, minor repairs and maintenance of fixtures and equipment and the reimbursement for the actual cost of snow removal.
HOME TO THE FINGER LAKES • Dundee sits in the Heart of the Finger Lakes which sees over 5.5 million visitors per year. • The Finger Lakes region includes eleven lakes sitting between Lake Ontario and the Pennsylvania border. • The Finger Lakes area is New York’s largest wine-producing region and is the number one wine region in the U.S. • Over 130 wineries and vineyards are located around Seneca, Cayuga, Canandaigua, Keuka, Conesus, and Hemlock Lakes.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 16,500+ locations in 46 states and 975 new locations scheduled to open in 2020. • Dollar General has been in business for 80 years and has a current net worth of over $6 billion.