Dollar General | Syracuse MSA

Investment Highlights

15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• This store delivered in July 2024 and is scheduled to open in August 2024

INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

NEAR $100 BILLION NEW DEVELOPMENT MANUFACTURING FACILITIES (40,000 FUTURE JOBS)
• Micron Technology is investing $100 Billion to build a mega complex of computer chip plants which will create 9,000 direct jobs and additional 40,000 supply-chain and construction jobs over the next 20 years in Syracuse.
• Construction on these manufacturing plants will start in 2024 and are only 8 miles from this Dollar General
• Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives.

SYRACUSE SUBURB | 5TH MOST POPULATED CITY IN NY
• Central Square is a growing suburb located 20 minutes north of downtown Syracuse.
• Syracuse is the county seat of Onondaga and is the 5th most populated city in New York with a 662,057 people in the metropolitan area.
• Syracuse is the economic and educational hub of Central New York. It hosts several convention sites and is home to prominent institutions such as Syracuse University (22,484 students), SUNY Upstate Medical University (1,537 Students), and Le Moyne College (2,600 Students).

LOCATED 1 MILE FROM A RETAIL POCKET OFF INTERSTATE 81 (37,275 VPD)
• The subject property is located 1 mile away from a retail pocket with national retail including Walmart, Tractor Supply, Advance Auto Parts, and more.
• This Dollar General is located just 1 mile from Interstate 81 (37,275 VPD) & less than half a mile from Paul V Moore High School (1,101 Students)