Listed by Marcus & Millichap - Cleveland
$1,289,032
DOLLAR GENERAL | ABSOLUTE NET | ALONG WV-817
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.75%
NOI $99,900
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 09/30/2033
Remaining Term 7.3
Rent Bumps Yes
Class A
Year Built 2018
Acreage 4.560
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.75% CAP | 9,100 SqFt
Investment highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction Year.
- Positioned along Coal River Road (West Virginia Route 817), a Primary Corridor serving the Coal River Valley and connecting Residential Communities including Tornado, Alum Creek, and St. Albans.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $40.61 Billion.
- Located approx. Five Miles from Interstate 64, a Primary East West Transportation Corridor connecting Charleston, Huntington, and other Major Economic Centers throughout West Virginia.
- St. Albans is part of the Charleston Metropolitan Statistical Area, the Largest Population Center in West Virginia and a Major Economic Hub for Government, Healthcare, and Professional Services.
- Proximity to Recreational Amenities along the Kanawha River Valley - Residents benefit from nearby Recreational Destinations including Kanawha State Forest and Parks along the Kanawha River Corridor.
- Positioned between Charleston and Huntington Economic Centers - The Interstate 64 Corridor connects St. Albans to Charleston and Huntington, Two of West Virginia’s Largest Metropolitan Areas and Primary Employment Centers.
- Nearby Higher Education Institutions support Regional Workforce - Universities including the University of Charleston and West Virginia State University contribute to Workforce Development and bring Students, Faculty, and Staff into the Region. Near Major Healthcare Providers serving the Region - Major Healthcare Systems including CAMC Health System and Thomas Memorial Hospital provide Significant Employment Bases and attract Patients from across Southern West Virginia.
Listing Contacts
Listed by Marcus & Millichap - Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,900.00
$8,325.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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