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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
$1,609,102 CAD
Price Per SF
$149.66 CAD
Cap Rate
7.50%
NOI
$120,683 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 began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.

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

Property Taxes

Parcel Number
243601-106-015-0001-071-001-0000
Land Assessment
$108,536 CAD
Improvements Assessment
$1,131,822 CAD
Total Assessment
$1,240,358 CAD
  • Listing ID: 39291038

  • Date on Market: 2026-02-02

  • Last Updated:

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

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