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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 7 years, 9 months 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 $84,140 and population of 7,746.
- 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 began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| 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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