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Dollar General

1208 E State Ave, Terra Alta, WV 26764

Listing Price: $832,500

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
7,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.94

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 1208 E State Avenue in Terra Alta, WV 26764. Built in 2005, the property consists of 7,200 square feet of building space and is situated on a 1.00 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 7.2 years remaining on an extended 10-year lease. This is a corporate location and the lease is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating by Standard & Poor’s (S&P BBB, Stable). The base rent is $49,950 and is subject to 9 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.

Investment Highlights

  • 7.2 Years Remaining on a Double-Net Lease (NN)
  • Two (2) –Five (5) Year Tenant Renewal Option Periods bringing Potential Lease Term up to More Than 17 Years
  • Attractive Rental Increases of 9.10% During Each of the Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Discount

Dollar General

Listing Price: $832,500

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
7,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.94

Investment Highlights

  • 7.2 Years Remaining on a Double-Net Lease (NN)
  • Two (2) –Five (5) Year Tenant Renewal Option Periods bringing Potential Lease Term up to More Than 17 Years
  • Attractive Rental Increases of 9.10% During Each of the Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 1208 E State Avenue in Terra Alta, WV 26764. Built in 2005, the property consists of 7,200 square feet of building space and is situated on a 1.00 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 7.2 years remaining on an extended 10-year lease. This is a corporate location and the lease is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating by Standard & Poor’s (S&P BBB, Stable). The base rent is $49,950 and is subject to 9 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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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