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33220372
33220371

90 McGinnis Drive, Wayne, WV 25570

BC
TN 362162, WVS230302830 (+1)
Matthews
Listed by Matthews
$687,720
4 days on market
Updated 4 days ago

Dollar General - Wayne, WV

Details
APN 50-11- 1A-0009.0000
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 9,100
Cap Rate 10%
NOI $68,772
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 23.7
Lease Expiration 02/28/2027
Remaining Term 0.7
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $76
Broker Co-Op True
Year Built 2004
Buildings 1
Stories 1
Acreage 0.810
Zoning C
Parking Spaces 30 spaces
Parking Per SqFt 3.30
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/25/2003
Occupancy Date 06/25/2003
Ground Lease No
Ownership Fee Simple

10.00% Cap | High Yield | NN

Investment highlights

● Property: 9,100 SF built-to-suit Dollar General, constructed in 2004, situated on a 0.81-acre parcel with 30 parking spaces

● Lease Term: Approximately ±.96 year remaining, with two additional 5-year renewal options

● Renewal Terms: Tenant must notify landlord by 11/30/2026; each option includes 10% rental increases

● Tenant Credit: Corporate-guaranteed lease by Dollar General Corporation (Fortune 500 company; BBB credit rating by S&P; ~$28B market cap) Lease Structure

● NN lease with landlord responsible for roof, structure, parking lot, and HVAC expenses exceeding $1,000

● Tenant contributes an additional $400/month toward CAM (Common Area Maintenance) Location & Market Overview

● Located directly off Route 152, a primary north-south corridor in West Virginia with traffic counts exceeding 7,600 vehicles per day

● Positioned within a dominant retail corridor in Wayne, alongside national and regional tenants including KFC, Wendy’s, Valley Health, and Four Paws Veterinary

● Adjacent to Wayne Elementary School (approximately 444 students), providing consistent daily traffic

● Wayne is a rural community with limited national retail competition, where Dollar General serves as a primary destination for general merchandise and everyday needs

● Nearest competing dollar store is over 8 miles away, reinforcing strong local demand and limited direct competition

Listing Contacts

BC
TN 362162, WVS230302830 (+1)
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$68,772.00
$5,731.00/mo

Valuation Metrics

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DSCR
10%
Cap Rate
10%
ROI

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