NNN Dollar General
For Sale
Contact for pricing
3391 Main Street, Mexico, NY 13114
9,014 SF Dollar General store offered for sale with an NNN lease and 3 five-year options.
Property Size9,014 SF
Price / SF$107.61
Days on Market196
Property Features for 3391 Main Street
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$70,092
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
MMG
Listed By:
R. Jeffrey Burgfechtel · License #727734
Source:
Crexi
Added: Apr 11
Changed: Oct 18
Last Checked: Oct 23 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MMG
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Investment Insights
Based on property information with market context.
This offering presents a Dollar General store in Mexico, New York, with a building size of 9,014 SF. The property is structured as an NNN lease, designed to keep landlord responsibilities minimal.
The lease includes three five-year options and is corporately guaranteed by Dollar General Corp. The tenant is a Dollar General store, and the current arrangement is intended to provide continued operating stability to a new owner under the existing lease terms.
The property is being offered for sale as a 1031 exchange opportunity.
The lease includes three five-year options and is corporately guaranteed by Dollar General Corp. The tenant is a Dollar General store, and the current arrangement is intended to provide continued operating stability to a new owner under the existing lease terms.
The property is being offered for sale as a 1031 exchange opportunity.
Key Highlights
- 9,014 SF Dollar General store located in Mexico, New York
- NNN lease with minimal landlord responsibilities
- Lease is corporately guaranteed by Dollar General Corp.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,045
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,900
$1.7M
Cap Rate 7%
$1,243,500
$1.2M
Cap Rate 9%
$967,167
$967.2K
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$129.8K $14.40/SF
− Vacancy
−$5.5K −$0.60/SF
EGI
$124.3K $13.80/SF
− OpEx
−$37.3K −$4.14/SF
NOI
$87.0K $9.66/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,900
Cap Rate 7%
$1,243,500
Cap Rate 9%
$967,167
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.94M
NOI $116,578 @ 7.0% cap · market cap 12.02%
Second Best
Retail
$1.24M
$1.09M – $1.45M
NOI $87,045 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,856 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
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Business Placement
Demographics for 13114, NY
6,596
Population
3,351
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
63.0 sq mi
ZIP Area
105
Density / Sq Mi
$73,328
Median Household Income
$37,403
Median Earnings
$811
Median Rent
$152,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
1031 exchange property - 9,014 SF Dollar General store offered for sale with an NNN lease and 3 five-year options.
Where is this 1031 exchange property located?
The property is located at 3391 Main Street Mexico, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 9,014 SF Dollar General store located in Mexico, New York; NNN lease with minimal landlord responsibilities; Lease is corporately guaranteed by Dollar General Corp.
