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Dollar General 424 S Main St 14,820 SF Retail Building Elmira, NY 14904 $4,439,000 ($299.53/SF) 8.20% Cap Rate
EXECUTIVE SUMMARY
General Property Information
Address = 424 S Main St, Elmira, NY 14904
Rent Per SF = $24.56 NNN
Elmira, NY Metro Population = 81,325 (https://censusreporter.org/profiles/31000US21300-elmira-ny-metro-area/)
+/-1.3 Miles from Elmira Central Business District
Located on a signalized hard corner at the intersections of S Main St and Pennsylvania Ave
S Main (VPD) = 7,911
Pennsylvania Ave (VPD) = 8,173
Listing Link (Crexi) = https://www.crexi.com/properties/2260710/new-york-dollar-general
DG signed a sublease with Walgreens for the current occupancy of the subject property
DG has occupied the property for +3 years
Property is in top 15% of DG's Nationwide, Top 24% within a 15 Mile Radius as well (Per Placer.AI)
General Metro Information
Elmira was awarded $10 Million by NY state for the DRI (Downtown Revitalization Initiative), using funds to attract new businesses and residents
+/-226 additional Affordable Housing Units have been developed in Elmira since 2015
Home of Elmira College (Student population of +/-650 and total employees of +/-280) (https://www.elmira.edu/)
Home of Arnot Health (Annual revenues of 400-600 Million and approximately 3,500 Employees) (https://www.arnothealth.org/)
Distance to Major Metros
Ithaca, NY = 34.5 Miles
Binghamton, NY = 57.3 Miles
Syracuse, NY = 89.4 Miles
Address = 424 S Main St, Elmira, NY 14904
Rent Per SF = $24.56 NNN
Elmira, NY Metro Population = 81,325 (https://censusreporter.org/profiles/31000US21300-elmira-ny-metro-area/)
+/-1.3 Miles from Elmira Central Business District
Located on a signalized hard corner at the intersections of S Main St and Pennsylvania Ave
S Main (VPD) = 7,911
Pennsylvania Ave (VPD) = 8,173
Listing Link (Crexi) = https://www.crexi.com/properties/2260710/new-york-dollar-general
DG signed a sublease with Walgreens for the current occupancy of the subject property
DG has occupied the property for +3 years
Property is in top 15% of DG's Nationwide, Top 24% within a 15 Mile Radius as well (Per Placer.AI)
General Metro Information
Elmira was awarded $10 Million by NY state for the DRI (Downtown Revitalization Initiative), using funds to attract new businesses and residents
+/-226 additional Affordable Housing Units have been developed in Elmira since 2015
Home of Elmira College (Student population of +/-650 and total employees of +/-280) (https://www.elmira.edu/)
Home of Arnot Health (Annual revenues of 400-600 Million and approximately 3,500 Employees) (https://www.arnothealth.org/)
Distance to Major Metros
Ithaca, NY = 34.5 Miles
Binghamton, NY = 57.3 Miles
Syracuse, NY = 89.4 Miles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,820 SF
Building Class
B
Year Built/Renovated
1920/2007
Price
$4,439,000
Price Per SF
$299.53
Cap Rate
8.20%
NOI
$363,998
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
BA
Parking
65 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
83’ on Main St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 070400-099-011-0007-050-000-0000 | Improvements Assessment | $1,738,000 |
| Land Assessment | $362,000 | Total Assessment | $2,100,000 |
PROPERTY TAXES
Parcel Number
070400-099-011-0007-050-000-0000
Land Assessment
$362,000
Improvements Assessment
$1,738,000
Total Assessment
$2,100,000
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Dollar General | 424 S Main St
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