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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
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.
terminate the Lease early.
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 started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 243601-106-015-0001-071-001-0000 | Improvements Assessment | $825,900 |
| Land Assessment | $79,200 | Total Assessment | $905,100 |
Property Taxes
Parcel Number
243601-106-015-0001-071-001-0000
Land Assessment
$79,200
Improvements Assessment
$825,900
Total Assessment
$905,100
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Dollar Tree | 40 East State St
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