Dollar General - Lima NY

Dollar General

1464 Rochester St
Lima, NY
place offer

Property Details

Available
Alpha Real Estate Advisors is pleased to present for sale a Dollar General property located at 1464 Rochester St, Lima, NY 14485.​
Net Operating Income
$68,796
Year Built
2005
Lease Term
3/31/2030
Lot Size
1.50 Acres
Building Size
9,014 SQ FT
Lease Structure
NN
Ownership Type
Fee Simple
Options
(1) 5 Year Option

Investment Details

EARLY OPTION RENEWAL BY DOLLAR GENERAL

Took an early option to extend lease term through March 2030

STRONG CORPORATE GUARANTEE

Standard & Poor’s Investment Grade (S&P. “BBB”) Tenant | The Only Small-Box Retailer with Investment Grade Credit.

STRONG COMMITMENT TO LOCATION

Been operating out of this location since 2005, already exercising 2 options with 10% increases.

DOLLAR GENERAL IS THE LARGEST DISCOUNT RETAILER IN THE COUNTRY

with over 16,500 locations throughout the U.S.

LONG TERM LEASE

8.75+ years remaining with Dollar Generals early extension

ONLY DOLLAR GENERAL IN LIMA, NY

Supports the entire population of Lima

LESS THAN 13 MILES FROM ROCHESTER, NY

Rochester has a population of over 200,000 people

Disclaimer

This Offering Memorandum (“Memorandum”) has been prepared by the undersigned real estate professional, is provided in the normal course of his/her business, and is intended to express only his/her recommended listing, selling, or purchase price or a rental or lease consideration for the Property. This Memorandum does not constitute an offer to sell, or a solicitation of an offer to buy, the Property, and has not been made for the purpose of submission as evidence of value to a court or administrative body. The disclosures herein are intended to supersede all prior written and oral communications and understandings regarding the Memorandum.

asking price
$982,800
cap rate
6.94%

Contact Us

Johnny Novokmet
3103449394