•	The tenant has 11 years of firm term remaining with an additional 3 (5-year) option periods to extend
•	The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
•	The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location  as of August 2024
•	Tenant pays for CAM, insurance, and maintains all aspects of the premises
•	Landlord is responsible for paying taxes directly; however, gets reimbursed by the tenant
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	Strategically located along State Highway 23 (4,800 VPD), one of the main roadways in the trade area and leading to Norwich
•	The site is the only discount store within South New Berlin, creating a large consumer draw for the immediate trade area
•	The closest discount store is 8 miles from the site
•	The asset, which was built in 2021, features a state-of-the-art design using high quality materials
•	The asset benefits from excellent visibility via significant street frontage and a large monument sign
•	More than 2,860 residents and 436 daytime employees support the 5-mile trade area
•	Residents within 3-, 5-, and 10-miles of the subject boast a healthy average household income of $88,089, $94,401 and $84,154 respectively

South New Berlin, NY - Dollar General

South New Berlin, NY - Dollar General.jpg

a28TP00000108Q1YAI - 1741281168501 -1

South New Berlin, NY - Dollar General2.jpg

a28TP00000108Q1YAI - 1741281168799 -2

South New Berlin, NY - Dollar General7.jpg

a28TP00000108Q1YAI - 1741281168964 -3

South New Berlin, NY - Dollar General8.jpg

a28TP00000108Q1YAI - 1741281169161 -4

South New Berlin, NY - Dollar General9.jpg

a28TP00000108Q1YAI - 1741281169441 -5

<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Demographics	3 Miles	5 Miles	10 Miles
Population	1,287	2,866	21,628
Average Household Income	$88,089	$94,401	$84,154

Traffic Counts
State Highway 23	4,800 VPD
N. Main Street/State Highway 8	3,100 VPD
N. Borad Street/State Highway 12	16,500 VPD

Sold

South New Berlin, NY - Dollar General

Description

Location

Demographics

Traffic Counts

Contact

Andrew Fallon

Philip Wellde