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Dollar General NNN Portfolio
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4797 S Main Street, Hemlock, NY 14466

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 status Active
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $1,439,527

Building Details

Year Built 2022
Buildings 1
Stories 1
Units 14
Tenancy Single
Listing Agency: Marcus & Millichap
Listed By: Scott Sandelin · License #FL SL636794
Source: Crexi
Added: Mar 13 Changed: Aug 15 Last 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

Current Use

Dollar General Discount Store

Suggested Use

Top Pick Building Supply Storage Facility Big Box & Wholesale Store Pet Grooming Service Grocery & Convenience Store Gym & 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

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
4,164 visits/mo 0.3 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
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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.
(786) 522-7009 Call to check price and availability
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