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1320 FAYETTE PIKE W Montgomery WV 25136-2343

[Locked] • APN 20070002004000000000

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Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Building SqFt 13,800
Lot SqFt 42,849
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code I
Year Built 1962
Building Count 1
Opportunity Zone No
Lease Type ******
Remaining Term ******
Lease Expiration ******
Sold Price per Acre ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Convenience Store, Grocery Store, Storefront
Marketing Description

Dollar General Market

3% Buyside Fee

Montgomery , WV

This Store is in the Top 90th Percentile in Customer Traffic for West Virginia and Nationwide. 13,810 Sf Concrete Block Commercial Building on 0.87 Ac. Remodeled in 2024 by Long Term Tenant That Sells Beer, Wine, Produce and Fresh Meat. Serving the Community Since 2002, the Store Continues to See Steady, High Customer Traffic.

Corporate Guaranteed Income: 7+ Years Lease With One Five Year Option at $68,100 Noi (a 16% Increase). Tenant: Dollar General “market Plus” Stable Tenant Pays for Replacement and Repair of Hvac Systems, Snow Removal, Insurance and Property Taxes.

Investment Highlights
  • Lowest Priced Dollar General Market Nationwide. Dg Market is the Latest Corporate Store Concept

  • Store Ranked in the Top 90% Percentile in Customer Traffic in Wv and United States for All Dollar General Stores.

  • Store Also Sells Beer and Wine. Highly Profitable Store Due to Strong Sales and Low Store Rent Structure.

  • Long-term Lease Commitments

  • a 10-year Early Lease Extension Was Signed in 2017, Followed by an Additional 5-year Extension in 2024, Reinforcing Dollar General’s Long-term Presence.

  • a Trusted Local Contractor Handles All Property Maintenance, Including Landscaping, Snow Removal, and Repairs, Making This an Ideal Investment for Out-of-state Owner.with Low Rent and High Sales Performance, This Location Offers Long-term Stability and Profitability for Investors. Dollar General Boasts an Investment Grade Credit Rating of Bbb (S&p). Dollar General Has ±21,000 Locations and Plans to Continue Their Expansion for the Foreseeable Future. Dollar General Has Been Considered an Essential Retailer and Has Proven to Be One of the Most Profitable Companies Through the Covid-19 Pandemic.

  • Sale Price: $789,000

  • Cap Rate: 7.5%

  • Noi: $59,740

  • Occupancy: 100%

  • Tenancy: Single Tenant

  • Lease Type Nn

  • Landlord Resp: Minimal Responsibilities

  • Lease Term: 7+ Years Remaining

  • Options: One 5-year Option

  • Interior Remodel: 2024

  • Building Size: ±13,810 Sf

  • Lot Size: ±0.87 Ac

  • Property Type: Retail

  • Property Sub-type: Free Standing Concrete Building

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
CR
Catherine Robinson
•••.•••.2924
cr@•••••••••••••••••.com
Creative Investment Group

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