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    8530 S Main St Ovid, NY 14521

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    For Sale
    $1,606,545

    New Dollar General PLUS prototype with long-term NNN lease.

    Property size:
    10,566 SF
    Lot size:
    2.37 Acres

    Property Features for 8530 S Main St

    General Information

    Size
    10,566 SF
    Lot size
    2.37 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Josh Bishop

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Investment Opportunity

    This property features a Dollar General PLUS prototype building, constructed in 2023, with approximately 10,566 square feet situated on a larger parcel of approximately 2.30 acres. The property is located along NY-414 on the east side of Seneca Lake, directly on the popular Seneca Lake Wine Trail. The property has an initial 15-year absolute NNN lease with approximately 13.5 years remaining. The lease includes 5% rental increases every five years for the life of the lease and is corporately guaranteed by Dollar General Corporation. The property benefits from zero landlord responsibilities. The surrounding area has a 10-mile average household income of $80,028 annually. Lodi is located between Seneca and Cayuga Lakes, popular destinations within New York’s Finger Lakes Region, which draws millions of visitors annually.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Furniture Store Diner

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ovid
    County
    Seneca
    State
    New York
    Longitude
    -76.87133
    Latitude
    42.681858

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    FAQs

    What type of property is this?
    Grocery and convenience store - New Dollar General PLUS prototype with long-term NNN lease.
    Where is this grocery and convenience store located?
    The property is located at 8530 S Main St Ovid, NY.
    What is the asking price?
    The asking price for this property is $1,606,545.
    What are key features of this property?
    This property features: - Long-term, Absolute NNN Lease: Enjoy approximately 13.5 years remaining on an initial 15-year lease with zero landlord responsibilities.; - Corporate Guarantee: Lease is corporately guaranteed by Dollar General Corporation.; - Rental Increases: Benefit from 5% rental increases every 5 years for the life of the lease.
    (315) 730-6228
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    Ovid, NY 14521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8530 S Main St Ovid, NY 14521
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