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DOLLAR GENERAL | ABSOLUTE NET LEASE 8651 Coal River Rd 9,100 SF Retail Building Saint Albans, WV 25177 $1,815,436 CAD ($199.50 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue Exceeding $4B.
- St. Albans is part of the Charleston Metropolitan Statistical Area, the Largest Population Center in West Virginia and a Major Economic Hub.
- Positioned along Coal River Road (West Virginia Route 817), a Primary Corridor serving the Coal River Valley and connecting Residential Communities.
- Located approx. Five Miles from Interstate 64, a Primary East West Transportation Corridor connecting Charleston, Huntington, and other.
- Positioned between Charleston and Huntington Economic Centers - The Interstate 64 Corridor connects St. Albans to Charleston and Huntington.
Executive Summary
Dollar General | Absolute Net Lease | Along Coal River Road (WV-817) - Primary Corridor Serving Coal River Valley | Minutes from Interstate 64 | Between Charleston & Huntington Economic Centers | Near Greenbrier Valley Medical Center | Close to University of Charleston and West Virginia State University | Proximity to Kanawha River Valley Recreation | Amazon Resistant Investment Grade Retail Asset
West Virginia Broker of Record: Grant Fitzgerald | 300 Wharton Cir., 2nd FL Triadelphia, WV 26059 | Lic. #: WVB250301068 | P: (216) 264-2060 | 0442060 | Grant.Fitzgerald@MarcusMillichap.com
West Virginia Broker of Record: Grant Fitzgerald | 300 Wharton Cir., 2nd FL Triadelphia, WV 26059 | Lic. #: WVB250301068 | P: (216) 264-2060 | 0442060 | Grant.Fitzgerald@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2018
Price
$1,815,436 CAD
Price Per SF
$199.50 CAD
Cap Rate
7.50%
NOI
$136,158 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.56 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 9,100 SF
- -
- Triple Net
- Sep 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 9,100 SF | - | Triple Net | Sep 2033 |
Property Taxes
| Parcel Number | 16-12-00110000 | Improvements Assessment | $1,027,354 CAD |
| Land Assessment | $132,414 CAD | Total Assessment | $1,159,768 CAD |
Property Taxes
Parcel Number
16-12-00110000
Land Assessment
$132,414 CAD
Improvements Assessment
$1,027,354 CAD
Total Assessment
$1,159,768 CAD
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DOLLAR GENERAL | ABSOLUTE NET LEASE | 8651 Coal River Rd
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