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29388882

421 Main St, Madison, WV 25130

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$300,000
129 days on market
Updated 129 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,975
Cap Rate 11.27%
NOI $33,805
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Modified
Lease Term 41.7
Lease Expiration 05/29/2027
Remaining Term 1
Rent Bumps Yes
Lease Options One, Five Year Option
Price per SqFt $30
Investment Type Net Lease
Lease Commencement 09/29/1985

Retail | 11.27% CAP | 9,975 SqFt

Marketing description

Gross Lease That Expires 5/31/2027

9,975 Square Foot Brick Building

One, Five Year Option with 5% Rental Increase Remaining

40 +/- Year Operating History at this Location Demonstrating Continued Commitment to the Store

Building is Located on the Main Corridor Through Town

Competition Void: Only Dollar General in the Immediate Area

Near National Tenants Including McDonalds, Kroger, Goodwill, Wendy’s, and USPS

City is Responsible for Parking Lot Paving, Snow & Ice Removal and Landscaping

Directly Off of State Street Which Sees 14,000+ Traffic Counts Daily

Ideal Dollar Store Demographics and Household Income

Less Than Two Miles from Boone Memorial Hospital

Corporately Guaranteed Lease

Low Rent/Price Per Square Foot and High Cap Rate Opportunity

S&P “BBB” Credit Rating

Listing Contacts

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,805.00
$2,817.08/mo

Valuation Metrics

0
DSCR
11.27%
Cap Rate
11.27%
ROI

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Additional Information

Name
Grant Fitzgerald
License
WV B250301068
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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