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33519820
33519821

259 North Main Street, Webster Springs, WV 26288

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$1,185,962
2 days on market
Updated 2 days ago

Dollar General | NNN | 7.90% Cap | 6.5 Years Remaining

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.9%
NOI $93,691
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+9)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/29/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options 5 x 5 Years
Year Built 2017
Acreage 0.770
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/21/2017
Ground Lease No

Dollar General | NNN | 7.90% CAP | 6.5 Years Remaining

Marketing description

Strategically Positioned Along North Main Street (WV Route 20) | A Primary North-South Corridor Through Webster Springs Connecting Local Residential Areas With Regional Routes Capturing Daily Community And Commuter Traffic

Freestanding Dollar General Store | Highly Visible Retail Site With Direct Access And Efficient Parking, Purpose-Built To Serve Everyday Convenience And Value-Oriented Shopping For The Surrounding Community.

Community-Serving Retail Anchor | Located Within Webster Springs' Primary Commercial Area, Generating Consistent Traffic From Local Residents And Nearby Rural Communities

Established Neighborhood Retail Corridor |Surrounded By Local Businesses, Service Providers, And Community Institutions, Reinforcing North Main Street As The Town's Core Commercial Node

Investment highlights

  • Absolute Triple-Net (NNN) Lease Structure, With Zero Landlord Responsibilities, Providing Passive And Predictable Cash Flow
  • Established Lease Commenced In 2017 With Approximately 6.5 Years Remaining, Providing Stable Near-Term Income Security
  • Scheduled 10% Rental Increases During Option Periods, Offering Built-In Income Growth And Inflation Protection
  • Five (5) Five-Year Renewal Options, Allowing For Up To 25 Additional Years Of Occupancy And Extended Income Potential
  • Corporate Lease Backed By Dollar General Corporation, Enhancing Credit Strength And Long-Term Investment Security
  • Leading National Discount Retailer — Dollar General Is One Of The Largest Small-Box Retail Chains In The United States, With A Broad And Continually Expanding Nationwide Footprint
  • Widely Recognized For Its Value-Oriented Pricing, Convenient Neighborhood Locations, And Essential Goods Offering, Supporting Strong Customer Loyalty, High Visit Frequency, And Consistent Store-Level Performance
  • Corporate Lease Guaranteed By Dollar General Corporation, A Leading National Discount Retailer, Providing Strong Financial Backing And Credit Support For The Lease Obligations

Listing Contacts

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

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,691.00
$7,807.58/mo

Valuation Metrics

0
DSCR
7.9%
Cap Rate
7.9%
ROI

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Additional Information

Name
Grant Fitzgerald
License
WVB250301068
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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