Dollar General Plaza
25 Gardenville Parkway
West Seneca, NY 14224
Highlights
- 10-year initial term
- Two 5-year options with 10% bumps to edge against inflation and help grow NOI
- Corporate guaranty on lease
- Building is on a corner lot and has a pylon sign
Description
Donovan Real Estate Services is pleased to offer the opportunity to
acquire a newly renovated single tenant investment property leased by Dollar General Market investment in West Seneca, NY.
The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period. This grows NOI and hedges against inflation.
Dollar General Plaza is located at the signalized intersection of Union Road and Gardenville Parkway in the town of Gardenville, a town on the east side of the Buffalo, NY, MSA. Located north of Route 400/Aurora Expressway, Gardenville sits between Cheektowaga and West Seneca, with Union Road being a main north-south road (AADT over 20,000) in the MSA. Gardenville has light retail areas, with most commercial real estate focused on light industrial, distribution, and apartments. Across the street is a former shopping center that has been redeveloped into a large-scale warehouse park. Access in and out of the plaza is easy with the aforementioned signalized traffic light.
Documents
DGMarket_25_GardenvillePkwy.pdfLease Brochure
