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Dollar Tree 40 East State St 10,752 SF Retail Building Mount Morris, NY 14510 $1,182,720 ($110/SF) 7.50% Cap Rate

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Investment Highlights

  • Dollar Tree is on a NN lease with approximately 8 years remaining.
  • This property is located in Mt. Morris, New York, a city located in western New York within Livingston County, 42 miles south of Rochester.
  • 5-mile average household income of $82,755 and population of 7,718.
  • Dollar Tree has S&P Rating of BBB with 9,000+ locations, revenues of $7.5 Billion.
  • Letchworth State Park, located near Mount Morris, New York, attracts nearly 1 million visitors each year.
  • Nearby tenants include McDonald’s, Walgreens, Dunkin, FedEx, Five Star Bank, etc.

Executive Summary

*Tenant has an early termination clause in the lease. If sales are less than $1.1 million during 1/1/2029 - 12/31/2029, the tenant can
terminate the Lease early.

Attachments

CoStar MP

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,752 SF
Building Class
B
Year Built
1996
Price
$1,182,720
Price Per SF
$110
Cap Rate
7.50%
NOI
$88,704
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.98 AC
Opportunity Zone
Yes
Zoning
Commercial - B-3 General & Highway Business District allowing for a variety of uses.
Parking
50 Spaces (4.65 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Property Taxes

Property Taxes

Parcel Number
243601-106-015-0001-071-001-0000
Land Assessment
$79,200
Improvements Assessment
$825,900
Total Assessment
$905,100
  • Listing ID: 39291038

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 40 East State St, Mount Morris, NY 14510

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