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2400 Chapline St
Wheeling, WV 26003

Family Dollar - 10-Year Lease Extension · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,400 SF
Building Class
C
Year Built/Renovated
1998/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.15 AC
Zoning
Store building
Parking
24 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
104’ on Chapline Street

ABOUT 2400 CHAPLINE ST , WHEELING, WV 26003

INVESTMENT HIGHLIGHTS - Extremely attractive 8.25% cap rate for a 10-year lease - 20 Year Operating History – Family Dollar has operated at this location since 1998 - Recent Extension – Family Dollar just extended their lease for an additional 10-years, proven their commitment to the location - Brand new roof installed in 2017 and new parking lot in 2019 - Attractive NN+ lease with minimal landlord responsibility - Corporate guarantee from Family Dollar - Large 1.15 AC lot with ample parking - 5-mile population exceeds 55,000 residents, 10-mile population exceeds 104,000 residents - Average household income of more than $60,000 annually (Family Dollars target demographic) - The subject property is well located in the heart of Wheeling, WV, which has a population of more than 28,000 residents - Wheeling is located along the Ohio River and is just 55 miles southwest of Pittsburgh - Family Dollar holds an investment-grade credit rating of BBB- - Family Dollar was recently acquired by Dollar Tree, Inc and is now considered to be one of the largest small-box discounter retailers

PROPERTY TAXES

  • Listing ID: 17229234

  • Date on Market: 9/18/2019

  • Last Updated:

  • Address: 2400 Chapline St, Wheeling, WV 26003