RGM Retail
Creative Investment Group
Listed by RGM Retail, Creative Investment Group
$779,000
Dollar General Market | 3% Buy Side Fee
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 13,800
Net Rentable (SqFt) 13,810
Units 1
Cap Rate 7.66%
NOI $59,740
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Expiration 12/28/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options one five year option
Price per SqFt $56
Broker Co-Op Yes
Class B
Year Built 1970
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.870
Zoning commercial
Parking Spaces 22 spaces
Parking per 1,000 SqFt 1.59
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership private
Retail | 7.66% CAP | 13,800 SqFt
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: 6.5 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 early 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: $779,000
- Cap Rate: 7.66%
- Noi: $59,740
- Occupancy: 100%
- Tenancy: Single Tenant
- Lease Type NN
- Landlord Resp: Minimal Responsibilities
- Lease Term: 6.5 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
Listing Contacts
RGM Retail
Creative Investment Group
Listed by RGM Retail, Creative Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$59,740.00
$4,978.33/mo
Valuation Metrics
0
DSCR
7.67%
Cap Rate
7.67%
ROI
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