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Dollar General 135 E Main St 9,026 SF Retail Building Angelica, NY 14709 $1,600,000 ($177.27/SF) 7.23% Cap Rate
Investment Highlights
- Dollar General Corporation (NYSE: DG) – S&P: BBB Credit Rating – Investment Grade Credit
- Strategic Retail Location – Main Commercial Corridor – Convenient Access to Interstate 86, Providing Regional Connectivity
- Strong Long-Term Investment Characteristics – National Credit Tenant – Excellent Fit for 1031 Exchange and Private Capital Investors
- Absolute NNN Lease – Long-Term Stability – Zero Landlord Responsibilities – Scheduled Rental Increases in Option Periods
- Established Retail Trade Area – Limited Direct Competition – Serves Broad Customer Base Throughout Surrounding Communities
Executive Summary
Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Dollar General located at 135 E. Main Street in Angelica, New York. Built in 2020, the 9,026-square-foot retail property sits on 1.56 acres and is leased to Dolgen New York, LLC, with a corporate guaranty from Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB credit rating from S&P. The property is subject to an absolute triple-net (NNN) lease, providing investors with truly passive ownership and zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,026 SF
Building Class
C
Year Built
2020
Price
$1,600,000
Price Per SF
$177.27
Cap Rate
7.23%
NOI
$115,715
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.56 AC
Frontage
186’ on East Main Street
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 023201 120.19-1-38.2 | Improvements Assessment | $368,800 |
| Land Assessment | $8,700 | Total Assessment | $377,500 |
Property Taxes
Parcel Number
023201 120.19-1-38.2
Land Assessment
$8,700
Improvements Assessment
$368,800
Total Assessment
$377,500
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