Overview

Description

We are pleased to present this new 10,566 SF. Dollar General Plus store located in Weirton, West Virginia. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (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 has completed construction & successfully opened for business in December 2023.

This Dollar General is highly visible as it is strategically positioned on the corner of Allen Street & Pennsylvania Avenue, which sees 11,470 cars per day. It is surrounded by residential & other tenants on the main thoroughfare through town. The 5 mile population from the site is 37,053 while the 1 mile average household income is $64,135 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 6.50% cap rate based on NOI of $125,183.04.

Highlights

• New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• RARE 5% RENT BUMPS EVERY 5 YEARS!
• 2023 BTS Plus Size Construction | Now Open
• 5 (5 Year) Options | 5% Increases At Each Option
• One Mile Household Income $64,135
• Five Mile Population 37,053
• 11,470 VPD on Pennsylvania Ave | Surrounded by Residential
• Investment Grade Dollar Store With "BBB" Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth,

Documents

---