Dollar General

391 Ny-414, Beaver Dams, NY 14812

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For Sale

Description

ABSOLUTE NNN LEASE STRUCTURE
Tenant operates under an absolute NNN lease with no landlord responsibilities whatsoever, insulating a buyer from potential increases in capital expenditures and operating expenses.
DURABLE CASH FLOW AND FIXED RENT INCREASES
With approximately 7 years remaining on the lease, and 10% rent increases every Option, this provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
STRATEGIC LOCATION
Located on NY-414, the main thoroughfare that runs through Beaver Dams, Dollar General is situated directly between Interstate 86 and Seneca Lake, which is one of The Finger Lakes in upstate New York. Dollar General benefits from limited competition with the nearest grocery or dollar store being over 9 miles away.
CORPORATE GUARANTEED BY DOLLAR GENERAL CORPORATION
Dollar General is an investment-grade tenant with an S&P credit rating of BBB. Dollar General has over 20,000 locations and plans on continued expansion of 450 new stores in 2026 as well as 4,250 store remodels in the same year.
E-COMMERCE AND RECESSION-RESISTANT TENANT
Dollar Store properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
NEW YORK FINGER LAKES REGION
This Dollar General is located in Chemung County which is located directly south of Watkins Glen and the Finger Lakes region. Tourism’s economic impact was $4.382 billion in 2023 for the 14 county Finger Lakes region. In Chemung County alone, visitor spending totaled $116.6M.

Pricing

Financials

Price: $1,257,840
Cap Rate: 7.50%
NOI: $94,338

Property Details

Specs

Building Size: ±174,240 SF
Year Built: 2019
Land Area: ±0.21 AC (9,026 SF)
Property Type: Retail

Description

ABSOLUTE NNN LEASE STRUCTURE
Tenant operates under an absolute NNN lease with no landlord responsibilities whatsoever, insulating a buyer from potential increases in capital expenditures and operating expenses.
DURABLE CASH FLOW AND FIXED RENT INCREASES
With approximately 7 years remaining on the lease, and 10% rent increases every Option, this provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
STRATEGIC LOCATION
Located on NY-414, the main thoroughfare that runs through Beaver Dams, Dollar General is situated directly between Interstate 86 and Seneca Lake, which is one of The Finger Lakes in upstate New York. Dollar General benefits from limited competition with the nearest grocery or dollar store being over 9 miles away.
CORPORATE GUARANTEED BY DOLLAR GENERAL CORPORATION
Dollar General is an investment-grade tenant with an S&P credit rating of BBB. Dollar General has over 20,000 locations and plans on continued expansion of 450 new stores in 2026 as well as 4,250 store remodels in the same year.
E-COMMERCE AND RECESSION-RESISTANT TENANT
Dollar Store properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
NEW YORK FINGER LAKES REGION
This Dollar General is located in Chemung County which is located directly south of Watkins Glen and the Finger Lakes region. Tourism’s economic impact was $4.382 billion in 2023 for the 14 county Finger Lakes region. In Chemung County alone, visitor spending totaled $116.6M.