Portfolio of 14 corporate-guaranteed Dollar General stores across seven states.
Property SizeContact for details
Days on Market162
Property Features for 4797 S Main Street
General Information
Standard statusActive
Property subtypeRetail
Occupancy100%
Lease TypeAbsolute Net
Investment TypeNet Lease
Net Operating Income$1,439,527
Building Details
Year Built2022
Buildings1
Stories1
Units14
TenancySingle
Listing Agency:Marcus & Millichap(786) 522-7009
Listed By:Scott Sandelin · License #FL SL636794
Source:Crexi
Added: Mar 13Changed: Aug 15Last Checked: Aug 20 at 8:52PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This net-leased investment opportunity consists of 14 newer construction, corporate-guaranteed Dollar General stores across seven states: New York, Pennsylvania, Illinois, Iowa, Missouri, Minnesota, and Kentucky. These properties feature absolute NNN leases with zero landlord responsibilities, providing passive income streams backed by Dollar General's investment-grade credit rating. The stores are strategically located in growing communities within established metropolitan statistical areas and rural markets. The portfolio emphasizes locations in small towns and rural areas with strong economic drivers such as manufacturing, healthcare, education, and retail trade. The Hemlock, NY property is situated near Hemlock Lake, benefiting from proximity to Rochester and educational institutions like SUNY Geneseo. The Lansing, NY store, near Ithaca and Cornell University, serves a vibrant economy. In Pennsylvania, the properties in Josephine, Hopewell, and Kittanning cater to rural demographics with economies driven by retail trade, education, and manufacturing. Iowa's Northwood and Belle Plaine stores are in communities with manufacturing leading employment and growth potential near colleges like Riverland Community College. In Missouri, Webb City and Harrisonville show strong population growth. The Litchfield, MN property benefits from a manufacturing-heavy economy and proximity to St. Cloud State University. Kentucky's Topmost, Breeding, and Manchester stores serve rural markets near educational hubs like Hazard Community and Technical College. These properties offer attractive cap rates with corporate NNN leases featuring 10% rent increases every option term. With WALT of just under 11 years remaining on leases (expiring 2036–2038), the portfolio underscores Dollar General's commitment to serving underserved rural markets. Dollar General Corporation is a leading discount retailer with over 20,388 stores across 48 states. The company reported $40.61 billion in revenue for fiscal 2025 and employs 194,000+ people. Recent results show 4.6% net sales growth and 43.8% EPS increase in Q3 2025. Dollar General focuses on everyday essentials at competitive prices, thriving in economic cycles and expanding in high-demand areas.
Key Highlights
Portfolio of 14 newer construction Dollar General stores with corporate guarantees across seven states.
Absolute NNN leases with zero landlord responsibilities, providing passive income.
Dollar General's investment‑grade credit rating (BBB from S&P, Baa2 from Moody's) ensures reliable tenancy.
Property Analytics
Property Profile
Current Use
Dollar GeneralDiscount Store
Suggested Use
Top PickBuilding SupplyStorage FacilityBig Box & Wholesale StorePet Grooming ServiceGrocery & Convenience StoreGym & Fitness Center
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar GeneralShops & Services
4,164 visits/mo0.3 miles
Demographics for 14466, NY
1,616
Population
672
Households
2.4
Avg Household Size
48
Median Age
29%
College-Educated
97%
High-School Grad
17.5 sq mi
ZIP Area
92
Density / Sq Mi
$101,607
Median Household Income
$36,875
Median Earnings
$675
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate%for Retail in Northeast region
6%2019
7.1%2020
6.5%2021
6%2022
5.7%2023
5.6%2024
6%2025
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Portfolio of 14 corporate-guaranteed Dollar General stores across seven states.
Where is this nnn property located?
The property is located at 4797 S Main Street Hemlock, NY.
What is the asking price?
The asking price for this property is $19,453,062.
What are key features of this property?
This property features: Portfolio of 14 newer construction Dollar General stores with corporate guarantees across seven states.; Absolute NNN leases with zero landlord responsibilities, providing passive income.; Dollar General's investment‑grade credit rating (BBB from S&P, Baa2 from Moody's) ensures reliable tenancy.