ABS. NNN Dollar General Market | Rent Bumps

Highlights:

• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2025 BTS Plus Size Construction | Opening Soon
• 5% PRIMARY TERM RENT INCREASES EVERY 5 YEARS!
• 5 (5 Year) Options | 5% Increases At Each Option
• One Mile Household Income $86,218
• Five Mile Population 28,847
• 17,466 VPD on Wheeling Avenue (Highway 250)
• Located Off of a Main Thoroughfare | Adjacent to Circle K
• Investment Grade Dollar Store With "BBB" Credit Rating

Description:

We are pleased to present this new 10,640 SF. Dollar General Plus store located in Glen Dale, 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 is currently completing construction with rent commencement & store opening in July 2025.

This Dollar General Plus is highly visible as it is strategically positioned on Wheeling Avenue (Highway 250) which sees 17,466 cars per day. It sits on a main thoroughfare connecting cities and is adjacent to a Circle K Gas Station. It is the only dollar store serving Glen Dale! The 5 mile population from the site is 28,847 and the 1 mile average household income is $86,218 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 6.70% cap rate based on NOI of $152,012.04.

Documents: