Brand New Dollar General Market | Rent Bumps!
$2,460,369
2470 Oglebay Drive, Wheeling, WV 26003
6.5
Cap Rate
159,924
NOI
Details:
Highlights:
- Brand New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
- 2026 BTS Plus Size Construction
- Dollar General Market | Produce and Fresh Meats
- 1.5 Miles from Oglebay Resort | Popular 2,000 AC Park with Gold Courses, Spas, Dining, Zoo
- 5% Rental Rate Increases Every 5 Years!
- 5 (5 Year) Options | 5% Increases At Each Option
- 1 Mile Household Income $131,441
- 5 Mile Population 32,531
- 5,762 Cars Per Day on Oglebay Drive
- Investment Grade Dollar Store With "BBB" Credit Rating
- Dollar General Corporate Guaranty
- Wheeling WV is the 5th Most Populous City in WV
Description:
We are pleased to present this 2026 BTS 10,640 SF. Dollar General Market store located in Wheeling, West Virginia - the 5th-most populous city in WV and the most populous city in the northern panhandle. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate 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 is completing construction now with opening & rent start on track for February 2026.
This Dollar General Market is highly visible as it is strategically positioned on Oglebay Drive seeing 5,762 cars per day. It's just a 5 minute drive from popular Oglebay Resort - a 2,000 Acre Park including golf courses, a zoo, dining, spas & more. The 5 mile population from the site is 32,531 and the 1 mile average household income is $131,441 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 $159,924.
Documents:
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| Offering Memorandum |
Location
Gallery