Dollar General | Buffalo MSA

Investment Highlights

LOW RENT & PRICE POINT
• The subject property has a low rent of $103,993 that equates to a low price point of $1.34 million. 

BUFFALO MSA | 2ND LARGEST CITY IN NEW YORK 
• The subject property is located off interstate 90 (43,842 VPD), 35 miles East of Buffalo and is part of the Buffalo MSA.
• The city of Buffalo is the second most populous city in New York with an MSA population of over 1.13 million people. 
• Buffalo serves as a key gateway for commerce and travel along the Canada-United States border, facilitating 15% of all trade between the two nations. 
• The Buffalo Bills have an annual economic impact of over $385 million. The construction of the new Bills Stadium is set to further boost the local economy, generating 10,572 new jobs. Home to the University of Buffalo (30,648 Students) and Buffalo State University (9,516 Students)

NEAR CASINO THAT ATTRACTS 902,000 ANNUAL VISITORS 
• The subject property is located 5 miles from the Batavia Downs Casino.
• Batavia Downs see over 902,000 visitors producing over $80M in economic impact, with contributions including about $21.5 million to New York State education and $3.4 million to local municipalities. 
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B

5 MILES FROM MAIN RETAIL CORRIDOR IN BATAVIA
• Batavia is the county seat of Genesee County and benefits from government jobs and funding. 
• Less than 5 miles from this Dollar General is the main retail corridor featuring tenants including Walmart, Target, Home Depot, Dunkin', Tim Hortons and more.  
• Interstate 90 (43,842 VPD) connects Buffalo to Syrcause and runs directly through Batavia. 
• The 5-Mile average household income is $81,315 which is superior to typical Dollar General locations.

8 YEAR CORPORATE NNN LEASE GUARANTEED BY DOLLAR GENERAL
• Dollar General signed a 15 year corporate guaranteed NNN lease that commenced in September 2018.
• There are 8.5 years remaining on the primary lease term. 
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods. 

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.