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Dollar General - Lester WV 1838 Lester Hwy hwy 10,640 SF 100% Leased Retail Building Lester, WV 25865 $2,634,103 CAD ($247.57 CAD/SF) 6.85% Cap Rate
Investment Highlights
- 15 Year Absolute NNN Lease | Zero Landlord Responsibilities 2024 BTS Construction | Plus Size Footprint
- On Main Thoroughfare | 2,964 Cars Per Day 4 (5 Year) Options | 5% Increases At Each Option
- Investment Grade Dollar Store | BBB Credit Rating Dollar General Corporate Guaranty
- 5% RENT INCREASES EVERY 5 YEARS! Only 9 Miles to Beckley, WV
- Three Mile Household Income $42,540 Ten Mile Population 51,481
- DG Reported 32 Consecutive Years of Same Store Sales Growth The Only Dollar Store Serving the Community!
Executive Summary
Introducing an exceptional investment opportunity at DOLLAR GENERAL PLUS located at 1838 LESTER HIGHWAY, LESTER, WV 25865. This property boasts a secure 15-year absolute NNN lease with 5% rent increases, offering a reliable income stream. The site is set to house a brand new Dollar General store in 2024, ensuring a high-traffic location with limited competition in the area. With an actual store on the premises, investors gain the advantage of a turnkey operation with a nationally recognized tenant. Don't miss out on this prime commercial property opportunity. Contact us today to learn more about this property and how it can be a valuable addition to your investment portfolio. Conduct your due diligence and grasp the potential of this Dollar General Plus location in the thriving Lester, WV area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Year Built
2024
Price
$2,634,103 CAD
Price Per SF
$247.57 CAD
Cap Rate
6.85%
NOI
$180,436 CAD
Percent Leased
100%
Building Height
1 Story
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Dollar General - Lester WV | 1838 Lester Hwy hwy
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