8079 S Main St
Springwater, NY 14560

New York Location | Dollar General | Springwater Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Springwater, NY. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , and is classified Investment Grade. This Dollar General is strategically positioned near Marvin Hill Rd on S Main St with over 3,300 cars per day driving past the site. The population within a five mile radius from the Dollar General location is greater than 5,400, with the average household income within a one mile radius being $61,875. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.45% cap rate based on NOI of $87,056.