TBD Main St, East Pembroke, NY 14056 East Pembroke (Buffalo MSA), NY
Building Size: 9,026 SF
Lot Size:1.73 AC
BRAND NEW UPGRADED CONSTRUCTION STORE • Brand New 9,026 SF Build-to-SuitDollarGeneralin 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.