Dollar General

Dollar General

TBD Main St, East Pembroke, NY 14056
East Pembroke (Buffalo MSA), NY

Price: $1,564,000
Cap: 6.65%
NOI: $103,993
Building Size: 9,026 SF
Lot Size: 1.73 AC

Investment Highlights

BRAND NEW UPGRADED CONSTRUCTION STORE
• 
Brand New 9,026 SF Build-to-Suit Dollar General in East Pembroke (Buffalo MSA), NY.
• This store has upgraded construction and opened in October 2018.

ATTRACTIVE DEMOGRAPHICS
• The 5-Mile average household income is $61,196 which is superior to typical Dollar General locations.

BUFFALO MSA
• East Pembroke is located 35 miles East of Buffalo and is part of the Buffalo MSA.
• Buffalo is the second most populous city in New York with an MSA population of over 1.13 million people.
• The city serves as the county seat of Erie County.
• Buffalo is a major gateway for commerce and travel for the Canada–United States border, forming part of the bi-national Buffalo Niagara Region.
• Home to the Buffalo Bills.

LONG TERM CORPORATE NNN LEASE
• The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General.
• The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof, and structure.
• There are 10-percent rent increases in each of the five, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and currently holds an investment grade credit rating of BBB with S&P.
• There are currently over 15,000 locations in 45 states, and 900 new locations are expected to be opened this year.
• Dollar General has been in business for 79 years and has a net worth of over $6.1 B.

Don McMinn
OFFERING MEMORANDUM

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