Dollar General | 1890 US Highway 60
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Dollar General 1890 US Highway 60
9,014 SF Retail Building Culloden, WV 25510 $640,000 ($71/SF) 8.34% Cap Rate
Executive Summary
We are pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 1890 US Highway 60 in Culloden, West Virginia (the “Property”). Dollar General has been at this location since it was constructed for them in 2005. Dollar General exercised their second renewal option 3.5-years early, demonstrating their commitment to the site and the market. Dollar General has 6+ years of term remaining with two (2), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option.
The Property benefits from its location along US Highway 60 (1st Avenue), the area’s primary commercial and commuter corridor. Dollar General has outstanding visibility and frontage with a pylon sign and also backs up to Interstate 64. The Property is positioned in between exits 28 and 34 along Interstate 64 and is approximately 1.25-miles from downtown Culloden and 4.5-miles from Hurricane, the immediate area’s largest commercial center. Dollar General is the primary shopping destination in the western half of Culloden.
Culloden is located along US Highway 60 and the I-64 Expressway approximately 25 miles west of Charleston, West Virginia, and 25 miles east of Huntington, West Virginia.
The Property benefits from its location along US Highway 60 (1st Avenue), the area’s primary commercial and commuter corridor. Dollar General has outstanding visibility and frontage with a pylon sign and also backs up to Interstate 64. The Property is positioned in between exits 28 and 34 along Interstate 64 and is approximately 1.25-miles from downtown Culloden and 4.5-miles from Hurricane, the immediate area’s largest commercial center. Dollar General is the primary shopping destination in the western half of Culloden.
Culloden is located along US Highway 60 and the I-64 Expressway approximately 25 miles west of Charleston, West Virginia, and 25 miles east of Huntington, West Virginia.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
$640,000
Price Per SF
$71
Cap Rate
8.34%
NOI
$53,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
0.82 AC
Zoning
By Permit
Frontage
82 FT on US RT 60 Hwy
Amenities
- Pylon Sign
PROPERTY TAXES
Parcel Number | 03-21-02720001 | Improvements Assessment | $200,580 |
Land Assessment | $50,700 | Total Assessment | $251,280 |
PROPERTY TAXES
Parcel Number
03-21-02720001
Land Assessment
$50,700
Improvements Assessment
$200,580
Total Assessment
$251,280
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Dollar General | 1890 US Highway 60
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