Property History
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.
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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Tax History
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