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Dollar General Market - Glengary WV 3878 Apple Harvest Dr 12,668 SF Retail Building Gerrardstown, WV 25420 $3,256,218 CAD ($257.04 CAD/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Lease - Zero Landlord Responsibilities. (3) 5- Year Options to Renew with 10% Rental Increases in the Option Periods
- the area offers a strong, stable customer base. Combined with limited nearby grocery options, makes it an essential retail destination.
- Investment Grade Tenant - Dollar General’s corporate guarantee and ongoing expansion into rural areas underscore its commitment to smaller markets.
- Strategically Positioned for Growth: With 25,000 residents within 7 miles and population expected to grow 2–2.5% in the next five years.
- With only one other grocery option within a 5-mile radius, the Dollar General Market serves nearly 25,000 residents by providing convenient access.
- Dollar General, a Fortune 500 Company and One of the Largest Discount Retailers in the U.S., operates over 20,400 stores across 47 states.
EXECUTIVE SUMMARY
Dollar General Market
3878 Apple Harvest Dr, Glengary, WV 25420 Secure your investment with the Dollar General Market in Glengary, WV. This property offers a solid 7.05% CAP rate with a complete NNN lease, ensuring zero landlord responsibilities. The newly constructed building sits on a spacious 2-acre parcel, strategically positioned for growth in a thriving trade area with over 25,000 residents within a 7-mile radius. With only one competing grocery store within 5 miles, Dollar General Market is a crucial retail destination for everyday necessities in the region. Situated just 2 miles from Virginia, 23 miles from Maryland, and a short drive to Washington, D.C., and Baltimore, this prime retail location benefits from strong market fundamentals and regional growth projections. Don't miss the opportunity to invest in this essential retail hub with a reliable tenant and long-term stability.
3878 Apple Harvest Dr, Glengary, WV 25420 Secure your investment with the Dollar General Market in Glengary, WV. This property offers a solid 7.05% CAP rate with a complete NNN lease, ensuring zero landlord responsibilities. The newly constructed building sits on a spacious 2-acre parcel, strategically positioned for growth in a thriving trade area with over 25,000 residents within a 7-mile radius. With only one competing grocery store within 5 miles, Dollar General Market is a crucial retail destination for everyday necessities in the region. Situated just 2 miles from Virginia, 23 miles from Maryland, and a short drive to Washington, D.C., and Baltimore, this prime retail location benefits from strong market fundamentals and regional growth projections. Don't miss the opportunity to invest in this essential retail hub with a reliable tenant and long-term stability.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,668 SF
Building Class
B
Year Built
2024
Price
$3,256,218 CAD
Price Per SF
$257.04 CAD
Cap Rate
7.05%
NOI
$229,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.00 AC
1 of 2
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Dollar General Market - Glengary WV | 3878 Apple Harvest Dr
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