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Dollar General - Madison, WV 421 Main St 15,862 SF Retail Building Madison, WV 25130 $418,731 CAD ($26.40 CAD/SF) 11.27% Cap Rate

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Investment Highlights

Single Tenant Freestanding Dollar General in Madison, WV
Dollar General Holds an Investment Grade Credit Rating of "BBB" With S&P and a Positive/Stable Outlook
2,700+ People Reside within 1 Mile Radius of Site - 5,400+ People Reside within 3 Mile Radius of Site

37 Minute Drive to Yeager Airport (35.8 Mile Distance)
Essential Retailer - Internet, Pandemic, and Recession Resistant Tenant
Surrounded by Several Local Tenants + National Retailers Including Kroger, Save A Lot, McDonald's, and More

Executive Summary

This freestanding Dollar General store presents a compelling investment opportunity with a gross lease in place through May 31, 2027, backed by a corporate guarantee and one remaining five-year renewal option featuring a 5% rental increase. The 9,975-square-foot brick building has served the community for over 40 years, underscoring the tenant’s long-term commitment to the location. Strategically positioned along the town’s main corridor and directly off State Street, the site benefits from daily traffic counts exceeding 14,000 vehicles and sits within a retail corridor anchored by national brands including McDonald’s, Kroger, Goodwill, Wendy’s, and USPS. The property is less than two miles from Boone Memorial Hospital and surrounded by ideal dollar store demographics and household income levels. With city-managed parking lot paving, snow and ice removal, and landscaping, the asset offers minimal landlord responsibilities. Its low rent and price per square foot, combined with a high cap rate and Dollar General’s investment-grade S&P “BBB” credit rating, make this a strong candidate for investors seeking reliable returns in a competition-void market.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,862 SF

Building Class

Year Built

1950

Price

$418,731 CAD

Price Per SF

$26.40 CAD

Cap Rate

11.27%

NOI

$47,184 CAD

Tenancy

Single

Building Height

2 Stories

Building FAR

1.65

Lot Size

0.22 AC

Parking

7 Spaces (0.5 Spaces per 1,000 SF Leased)

Frontage

83’ on Main St

Signage

Wheelchair Accessible

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type		Lease End
	Retailer	99,999 SF	-	Lorem Ipsum		Jan 0000

Property Taxes

Parcel Numbers	Multiple 03-5-00080000 03-5-00100000 03-5-00090000	Improvements Assessment	$268,073 CAD
Land Assessment	$43,447 CAD	Total Assessment	$311,519 CAD