Dollar General – West Bloomfield, NY

$1,963,106
Price
$101,100
Noi
5.15%
Cap Rate
9,211
Leasable Area
2019
Year Built

Fortis Net Lease is pleased to present this 9,211 SF. Dollar General store located in West Bloomfield, New York. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 Year) 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 has been open and operating successfully since November of 2019.

This Dollar General is highly visible as it is strategically positioned on New York State Route 5 which sees 5,354 and is nestled between the local post office and a 7-Eleven Store. The ten mile population from the site is 54,981 while the three mile average household income is $92,786 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. List price reflects a 5.15% cap rate based on NOI of $101,100.

Click for more details: https://t.ly/28StorePortfolio

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Rochester NY MSA
• On a Main Thoroughfare
• Only Dollar Store Serving the Community
• 2020 BTS Upgraded Construction
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $92,786
• Ten Mile Population 54,981
• 5,354 Cars Per Day on New York State Route 5
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth

Instate Broker of Record: Ben Schultz | Fortis Net Lease

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM