Dollar General

• 2005 built-to-suit for Dollar General
• Tenant is currently operating in Option Period 1 (2025–2029), having carried the lease forward from the original 10-year term without a gap in occupancy
• One, 5-year option remaining (Option 2: 2030–2034), with a rent increase to $6,507/mo — roughly a 10% step up from current rent
• Subject property is less than 25 miles from Buffalo
• Nearby national tenants include McDonalds, Advance Auto Parts, Save-A-Lot, Tractor Supply Company, Tim Hortons and many more
• Extremely strong corporately guaranteed lease — guaranteed directly by Dollar General Corporation
• 9,014 SF freestanding building on a ±1.5+ acre site in Alden, NY (Erie County)
• Average household income of $113,357 within a 5-mile radius
• Tenant reimburses $770 a year for HVAC maintenance and $5859 for parking lot maintenance
• Dollar General operates ±21,000 locations and plans to continue their expansion for the foreseeable future
• Dollar General has an investment-grade credit rating of BBB (S&P)
• Dollar General has a market cap of ±25 billion