Family Dollar 204 S Pike St 13,000 SF Retail Building Shinnston, WV 26431 $532,400 ($40.95/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Original Build-To-Suit Construction | Long Operating History
- Low Replaceable Rent
- Corporate Guarantee (NYSE: DLTR) The subject property is corporately guaranteed by Dollar Tree, Inc.
EXECUTIVE SUMMARY
Bang Realty is pleased to present the exclusive listing for a Family Dollar located at 204 S Pike St, Shinnston, WV 26431. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.31-acre parcel of land. This Family Dollar is subject to a 15-year Double Net (NN) lease, which commenced 3/6/2000. The current annual rent is $47,916 + Percentage Rent Equal To Three Percent (3.00%) Of The Gross Sales In Excess Of $1,597,200.00 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
13,000 SF
Building Class
C
Year Built
2000
Price
$532,400
Price Per SF
$40.95
Cap Rate
9%
NOI
$47,916
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.31 AC
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 06-1003-00020000 | Improvements Assessment | $212,220 |
| Land Assessment | $115,020 | Total Assessment | $327,240 |
