Overview

Description

We are pleased to present this new 10,566 SF. Dollar General Plus store located in Branchland, West Virginia - part of the Charleston Market. 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 completed construction & successfully opened to the public in November 2023.

This Dollar General is highly visible as it is strategically positioned on McClellan Highway which sees 6,942 cars per day. It sits across from a Walgreens store on the main thoroughfare. The 10 mile population from the site is 20,018 while the 3 mile average household income is $55,222 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 6.60% cap rate based on NOI of $120,189.

Highlights

• New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Charleston WV Market | Opened in November 2023
• RARE 5% RENT BUMPS EVERY 5 YEARS!
• 2023 BTS Plus Size Construction
• 5 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $55,222
• Ten Mile Population 20,018
• 6,942 VPD on McClellan Hwy | Across from Walgreens
• Investment Grade Dollar Store With "BBB" Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth,

Documents

---