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Dollar General

13909 Rocket Boys Dr, War, WV 24892

Listing Price: $1,206,129

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
10,216
Lease Type
Double Net
Rent Per Square Feet
$7.38

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 13909 Rocket Boys Drive, West Virginia 24892. Rebuilt in 2019, the property consists of 10,216 square feet of building space and is situated on a 0.5 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 7 years and 7 months remaining on an amended 10-year original lease. This is a corporate location and is guaranteed by Dollar General corporate, (listed on the New York Stock Exchange -NYSE: DG), which has an investment grade credit rating Standard & Poor’s (S&P BBB, Stable). The base rent is$75,383 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 three successive periods of five years each.

Investment Highlights

  • 7.6 Years Remaining on an Original 10-Year Double-Net (NN) Lease
  • Attractive Rental Increases of 10 Percent In Each Option Period
  • Tenant Renewal Options: Three Periods of Five Years, bringing the Potential Lease Term up to More Than 22 Years

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: $1,206,129

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
10,216
Lease Type
Double Net
Rent Per Square Feet
$7.38

Investment Highlights

  • 7.6 Years Remaining on an Original 10-Year Double-Net (NN) Lease
  • Attractive Rental Increases of 10 Percent In Each Option Period
  • Tenant Renewal Options: Three Periods of Five Years, bringing the Potential Lease Term up to More Than 22 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 13909 Rocket Boys Drive, West Virginia 24892. Rebuilt in 2019, the property consists of 10,216 square feet of building space and is situated on a 0.5 acre parcel. This investment is subject to a double-net (NN) lease and has roughly 7 years and 7 months remaining on an amended 10-year original lease. This is a corporate location and is guaranteed by Dollar General corporate, (listed on the New York Stock Exchange -NYSE: DG), which has an investment grade credit rating Standard & Poor’s (S&P BBB, Stable). The base rent is$75,383 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 three successive periods of five years each.

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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