2024 BTS Dollar General Plus | Limited Competition Area

Highlights:

• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2024 BTS Construction | Plus Size Footprint
• 5% RENT INCREASES EVERY 5 YEARS!
• Only 9 Miles to Beckley, WV
• On Main Thoroughfare | 2,964 Cars Per Day
• 4 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $42,540
• Ten Mile Population 51,481
• Investment Grade Dollar Store | BBB Credit Rating
• Dollar General Corporate Guaranty
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• The Only Dollar Store Serving the Community!

Description:

We are pleased to present this 2024 BTS, 10,640 SF. Dollar General plus store located in Lester, West Virginia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years, including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in January 2024.

This Dollar General is highly visible as it is strategically positioned on Lester Highway seeing 2,964 cars per day and surrounded by residential homes. This is the only dollar store serving the community! The ten mile population from the site is 51,481 and the three mile average household income $42,540 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 financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.85% cap rate based on NOI of $132,000.

Documents: