2256 Alta Dr - Freestanding FOR SALE


Alderson, WV 24910
$987,000 USD
304-741-6577
2256 Alta Dr, Alderson, WV for Sale
$987,000 USD
Freestanding - FOR SALE
1/3
null | 9% Cap Rate

2256 Alta Dr
Alderson, WV 24910


OVERVIEW

LOWER RENT & PRICE POINT • This Family Dollar has a lower rent which equates to a lower price point of under $1M. NEAR LEWISBURG, WV | COUNTY SEAT • The subject property is located 12 miles west of Lewisburg off Hwy 63. • Lewisburg is the county seat of Greenbrier county and benefits from government jobs and growth. • The WV State Fair is hosted in Lewisburg and had 170,000 visitors in 2022. • National Retailers in Lewisburg include Lowe’s Home Improvement, Walmart, Kroger, Tractor Supply, and more. • Home to Greenbrier Valley Medical Center (122 beds) with 450 employees and 200 physicians. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2013 and recently extended the lease for an additional 5 years. • Family Dollar exercised their first option period in April 2023 which extended the lease through March 2028. • There are 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension speaks to Family Dollars confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which only include Roof & Structure. • There are 10% rent increases in each of the remaining four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

FOR SALE DETAILS

PRICE

$987,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Low Rent & Price Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

-

APN/PARCEL ID

03-40R-00020000,03-40R-00030000,03-40R-00040000,03-40R-00050000,03-40R-00060000,03-40R-00070000

ASK ABOUT THIS PROPERTY

Francis McGuireMarcus & MillichapMore Info
304-741-6577

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Francis McGuireMarcus & MillichapMore Info
304-741-6577

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.