Dollar General 6594 Ohio River Rd 9,014 SF Retail Building Lesage, WV 25537 $660,000 ($73.22/SF) 8.27% Cap Rate

We are pleased to present this built-to-suit 9,014 SF Dollar General store located in the city of Lesage, West Virginia. The property is secured with a recently renewed NN Lease leaving minimal landlord responsibilities. The lease contains 6 (5-year) options to renew, each with a rental rate increases of 10%. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade.
This Dollar General is highly visible as it is strategically positioned on Ohio River Rd which sees over 9,600 cars per day. The ten-mile population from the site is 95,316 while the three-mile average household income of $69,335 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 ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 8.00% cap rate based on NOI of $54,900.