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Top 1% Nationally Ranked Dollar General 575 Broad St 9,100 SF Retail Building Waverly, NY 14892 $1,196,502 CAD ($131.48 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Top National Ranking: The store is ranked within the top 1% of Dollar General locations across the United States
- High Traffic Location: Situated strategically off I86, the location benefits from significant exposure with a traffic count of 17,460 vehicles.
- Secure Market Position: With minimal competition in the grocery sector within its vicinity, Dollar General enjoys a secure market position.
- Advantageous Lease Terms: The property features very low replaceable rent, offering a cost-effective leasing option that is difficult to replicate.
EXECUTIVE SUMMARY
This 9,100 sf freestanding building was constructed in 2003 and is situated on one acre. The building is in good condition, reflecting Dollar General’s commitment to maintaining their properties to high standards. Their long-term lease provides a secure income stream for investors.
Situated in Waverly, New York, the property enjoys a prime location with high visibility and accessibility, contributing to steady foot traffic. The town boasts a stable and growing economy, with a diverse
demographic profile, making it an ideal location for retail businesses like Dollar General. The property benefits from limited competition in the area, enhancing its position as a preferred shopping destination for residents.
The long-term lease agreement with Dollar General ensures a stable and predictable income stream for investors as Dollar General provides a reliable and creditworthy tenant. The property’s strategic location offers potential for long-term value appreciation, making it an attractive investment option.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
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- LEASE END
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- Retailer
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DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 492001-166-020-0001-027-000-0000 | Improvements Assessment | $604,283 CAD |
| Land Assessment | $27,685 CAD | Total Assessment | $631,968 CAD |
PROPERTY TAXES
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Top 1% Nationally Ranked Dollar General | 575 Broad St
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