Share This Listing

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Dollar Tree 40 East State St 10,752 SF Retail Building Mount Morris, NY 14510 $1,617,050 CAD ($150.40 CAD/SF) 7.50% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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
$1,617,050 CAD
Price Per SF
$150.40 CAD
Cap Rate
7.50%
NOI
$121,279 CAD
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
$108,285 CAD
Improvements Assessment
$1,129,195 CAD
Total Assessment
$1,237,480 CAD
  • Listing ID: 39291038

  • Date on Market: 2026-02-02

  • Last Updated:

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

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}