Dollar General | Investment Grade Credit Tenant | Absolute NNN

Investment-Grade Corporate Asset with Absolute NNN Terms

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Dollar General property located at 135 E. Main Street in Angelica, New York. Positioned as a vital commercial hub for Allegany County, this modern retail asset combines the credit security of an investment-grade corporate tenant with completely hands-off, long-term cash flow.

Constructed in 2020, the property consists of a 9,026-square-foot standalone retail facility situated on a spacious 1.56-acre parcel. The asset is leased to Dolgen New York, LLC, and features an explicit corporate guaranty from Dollar General Corporation (NYSE: DG)—an S&P BBB investment-grade tenant. Operating under an Absolute Triple-Net (NNN) lease structure, the tenant covers all property expenses including taxes, insurance, and structural maintenance, delivering zero landlord responsibilities and a 100% passive income stream ideal for 1031 exchange investors.

Investment Highlights & Financial Overview

• Investment-Grade Corporate Credit: Guaranteed by Dollar General Corporation (NYSE: DG), rated BBB by S&P, operating over 20,800 stores nationwide with $42.7+ billion in annual revenue.

• 100% Passive Absolute NNN Lease: Zero landlord management, repairs, or operational cost obligations, ensuring turn-key passive ownership.

• Long-Term Cash Flow Security: Leased through October 31, 2034, with approximately 8.3 years of primary term remaining.

• Built-in Income Growth: Features five (5) 5-year renewal options, each accompanied by 10% rental increases to provide a proven hedge against inflation.

• Essential Retailer & Recession-Resistant Tenant: Discount retail model provides stable customer traffic and durable revenues across all economic environments.

• Modern 2020 Construction: Purpose-built retail prototype requiring zero immediate capital expenditure.

Strategic Location & Trade Area Dynamics

Situated directly on East Main Street (NY Route 19), the main commercial artery of Angelica, the property enjoys high visibility and convenient access to Interstate 86 (I-86). Dollar General functions as the primary neighborhood discount and grocery provider for Angelica and neighboring rural communities across Allegany County.

With limited direct retail competition in the immediate trade area, the property enjoys a captured customer base. Its proximity to local employers, municipal institutions, and regional transit corridors solidifies this location as a critical retail fixture for daily household necessities, ensuring high tenant retention and ongoing sales vitality.

Comprehensive Property Specifications