201 Main S St Perry, NY 14530-1616

This fee-simple retail property in Perry, NY, offers a compelling investment opportunity. The 9,181 square foot building, constructed in 2003, sits on a 2-acre lot and is 100% occupied by a Dollar General under a Net Lease (NN) with a corporate guarantee. The lease, originally commencing October 1, 2003, has been extended and currently has approximately 3.9 years remaining, expiring September 30, 2028. The lease includes rent bumps and options for renewal. The property boasts a strong NOI of $58,800, resulting in an 8.50% cap rate. The Dollar General store enjoys high traffic, ranking in the top 35% of all Dollar General stores nationally and the top 20% in New York State. Its strategic location near major employers, schools, and a rapidly growing residential population (a 53.4% increase in the past two years) ensures continued strong performance. The asking price is $692,000. Download the offering memorandum for complete lease details.