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- LoopNet Team
5150 Route 10
Barboursville, WV 25504
New Family Dollar - 8% Cap · Retail Property For Sale
PROPERTY FACTS
- Freestanding
- General Retail Convenience Store
- General Retail Storefront
- General Retail Supermarket
Amenities
- Signage
About 5150 Route 10 , Barboursville, WV 25504
Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store, located in Barboursville, WV. The property is encumbered with a Ten (10) Year NN Lease with approximately 8.75 years remaining. The NN lease structure leaves minimal landlord responsibilities. The lease contains Six (6), 5-Year options, each with a 10% rental rate increase. The lease is corporately guaranteed by Family Dollar which was upgraded to investment grade credit in March 2018 (S&P: BBB-). This Family Dollar store is strategically located in Barboursville, WV. With limited mobility due to the mountainous terrain of West Virginia, this store serves as a much needed grocer to the immediate area. The lack of national retail competition increases the need of this store to the locals. The population within a five mile radius is greater than 18,440, with the average household income within a one mile radius exceeding $63,000. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant in rural markets.
PROPERTY TAXES
Parcel Number | 08-9-01040008 | Improvements Assessment | $0 |
Land Assessment | $23,470 | Total Assessment | $23,470 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 13826087
Date on Market: 9/19/2018
Last Updated:
Address: 5150 Route 10, Barboursville, WV 25504
The Retail Property at 5150 Route 10, Barboursville, WV 25504 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.