6594 Ohio River Rd - Freestanding FOR SALE


Lesage, WV 25537
$682,500 USD
513-300-0763
6594 Ohio River Rd, Lesage, WV for Sale
$682,500 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

6594 Ohio River Rd
Lesage, WV 25537


HIGHLIGHTS

  • Renewed NN Lease | Minimal Landlord Responsibilities 2 New HVAC Units | Brand New Parking Lights
  • 2010 Built to Suit | Low Rent P/FT
  • 6 (5-Year) Options | Increases in Each Option
  • Three Mile Household Income $69,335
  • Ten Mile Population 95,316
  • 9,600+ Cars Per Day | On Main Thoroughfare Investment Grade Dollar Store With "BBB" Credit Rating

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$682,500 USD

PRICE/SF

$76 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

10-21-00050004

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.