36344 WV 3 - Freestanding FOR SALE


Whitesville, WV 25193
$499,000 USD
513-300-0763
36344 WV 3, Whitesville, WV for Sale
$499,000 USD
Freestanding - FOR SALE
1/10
null | 10.22% Cap Rate

36344 WV 3
Whitesville, WV 25193


HIGHLIGHTS

  • Dollar General on a NN lease with historical on-site occupancy since 2004, eight years remaining on current term with two five-year options.
  • As the main retailer to the community, Dollar General holds a 58% share of the discount and dollar store sector within a 5-mile radius.
  • Tenant in place allows for an easy, hands-off investment with a seamless transition to new ownership.
  • Situated on Coal River Road which is a major connector for the area with excellent frontage visible to over 4,900 vehicles per day.
  • Nearby population in a 10-mile radius of Dollar General is noteworthy with a spending power of $69.1 million annually.
  • 8 Years Remaining of Term with Two (5) year options; Tenant has occupied space since 2004.

OVERVIEW

Offering consists of single tenant net leased Dollar General, located in the I-64 corridor of southwestern West Virginia. The asset, 36344 Coal River Road, Whitesville, West Virginia 25209 (“the Property”) is a free-standing building consisting of 9,014 square feet. The tenant operates on an NN lease structure; there are 7.5 years remaining of term, with two five-year options for renewal. The tenant’s original lease began in 2004. Dollar General carries 58% of the discount and dollar sector within five miles of the Property*. The asset serves as major retailer for the immediate location and is located on a major thoroughfare to Charleston, West Virginia; Coal River Road becomes West Virginia State Route 3, which flows into US Route 119 and I-64, leading directly into the Charleston Central Business District. Source: Esri

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

10.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | NN 7.5 Year Lease 10%Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,341 SF

ZONING

Commercial

APN/PARCEL ID

09-6-00190000,09-6-00200000,09-6-00210000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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