Discount
Dollar General
5351 Coal Heritage Rd, Iaeger, WV 24844
Listing Price: $968,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 5351 Coal Heritage Road Iaeger, WV 24844. Built in 2003, the property consists of 9,014 square feet of building space and is situated on a 0.92 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 6 years and 7 months remaining on an extended 10-year lease. This is a corporate location and is guaranteed by Dollar General corporate New York Stock Exchange (NYSE: DG), which has an investment grade credit rating Standard & Poor’s (S&P BBB, Stable). The base rent is $60,492 and is subject to 10 percent rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the Lease for two successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.
Dollar General
Investment Highlights
- 6.6 Year Double-Net (NN) Lease with Two (2), Five (5) Year Tenant Renewal Option Periods Bringing potential Lease Term up to More Than 16 Years
- Attractive Rental Increases of 10 Percent In Each Option Period
- Corporate Location | Corporate Guarantee | Great Visibility and Footage
Listing Price: $968,000
Investment Highlights
- 6.6 Year Double-Net (NN) Lease with Two (2), Five (5) Year Tenant Renewal Option Periods Bringing potential Lease Term up to More Than 16 Years
- Attractive Rental Increases of 10 Percent In Each Option Period
- Corporate Location | Corporate Guarantee | Great Visibility and Footage
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 5351 Coal Heritage Road Iaeger, WV 24844. Built in 2003, the property consists of 9,014 square feet of building space and is situated on a 0.92 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 6 years and 7 months remaining on an extended 10-year lease. This is a corporate location and is guaranteed by Dollar General corporate New York Stock Exchange (NYSE: DG), which has an investment grade credit rating Standard & Poor’s (S&P BBB, Stable). The base rent is $60,492 and is subject to 10 percent rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the Lease for two successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.
