Dollar General | 6594 Ohio River Rd
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Dollar General 6594 Ohio River Rd
9,014 SF Retail Building Lesage, WV 25537 $682,500 ($76/SF) 8% Cap Rate
Investment Highlights
- Renewed NN Lease | Minimal Landlord Responsibilities 2 New HVAC Units | Brand New Parking Lights
- 6 (5-Year) Options | Increases in Each Option
- Ten Mile Population 95,316
- 2010 Built to Suit | Low Rent P/FT
- Three Mile Household Income $69,335
- 9,600+ Cars Per Day | On Main Thoroughfare Investment Grade Dollar Store With "BBB" Credit Rating
Executive Summary
We are pleased to present this built-to-suit 9,014 SF Dollar General store located in the city of Lesage, West Virginia. The property is secured with a recently renewed NN Lease leaving minimal landlord responsibilities. The lease contains 6 (5-year) options to renew, each with a rental rate increases of 10%. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade.
This Dollar General is highly visible as it is strategically positioned on Ohio River Rd which sees over 9,600 cars per day. The ten-mile population from the site is 95,316 while the three-mile average household income of $69,335 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee-simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 8.00% cap rate based on NOI of $54,900.
This Dollar General is highly visible as it is strategically positioned on Ohio River Rd which sees over 9,600 cars per day. The ten-mile population from the site is 95,316 while the three-mile average household income of $69,335 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee-simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 8.00% cap rate based on NOI of $54,900.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2010
Price
$682,500
Price Per SF
$76
Cap Rate
8%
NOI
$54,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
134 FT on Ohio River Road
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 10-21-00050004 | Improvements Assessment | $201,060 |
| Land Assessment | $45,960 | Total Assessment | $247,020 |
PROPERTY TAXES
Parcel Number
10-21-00050004
Land Assessment
$45,960
Improvements Assessment
$201,060
Total Assessment
$247,020
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Dollar General | 6594 Ohio River Rd
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