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
• Three Mile Household Income $71,998
• Ten Mile Population 9,041
• 9,336 VPD on Northwest Turnpike (Highway 50)
• Corner Site | Off of a Main Thoroughfare
• 2.5 Miles to Pennsboro Speedway Race Track
• 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 Pennsboro, 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 June 2025.

This Dollar General Plus is highly visible as it is strategically positioned on Richie Center Drive & Northwest Turnpike (Highway 50) which sees 9,336 cars per day. It sits on a main thoroughfare connecting cities. It sits only 2.5 miles from the historic & active Pennsboro Speedway Race Track. The 10 mile population from the site is 9,041 and the 3 mile average household income is $71,998 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 6.75% cap rate based on NOI of $135,804.

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