Dollar General – Amsterdam, NY

$1,941,136
Price
$121,321
Noi
6.25%
Cap Rate
9,200
Leasable Area
2017
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

DOWNLOAD LINKS

OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 9,200 SF. Dollar General store located in Amsterdam, NY. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced on December 20, 2017.

This Dollar General is highly visible as it is strategically positioned on E. Main Street which sees 10,324 cars per day. The ten mile population from the site is 48,590, while the three mile average household income $64,982 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.

 

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero landlord Responsibilities
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $64,982
• Ten Mile Population 48,590
• 10,324 Cars Per Day on E. Main Street
• Investment Grade Dollar Store | BBB Credit Rating
• Dollar General Reported 30 Consecutive Years of Same Store Sales Growth
• Located In the Heart of Downtown Amsterdam
• Surrounded by Residential, Medical, and National Retailers

 

In State Broker of Record: Ben Schultz | Fortis Net Lease