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Dollar Tree - Belle, WV

3175 W Dupont Ave, Belle, WV 25015

Listing Price: $700,000

Cap Rate
7.05%
Tenant Name
Dollar Tree
Years Remaining On Lease
2.4
Guarantor
No Guarantee
Rentable SF
10,623
Lease Type
Gross Lease
Rent Per Square Feet
$5.24

Investment Overview

Marcus & Millichap presents for sale the Dollar Tree in Belle, West Virginia. This building was originally built in 1995 but received major renovations in 2020 before the new lease began. It sits on 1.50 acres and has over 10,000 square feet of rentable space. The Dollar Tree lease is a 5-Year lease that commenced in July of 2020. It allows for five, 5-year options for a grand total of 30 available years. Each option has a $0.50 per square foot increase. This property is being sold at a 7.05% capitalization rate, accounting for tax expenses to be covered by the land owner.

Investment Highlights

  • 7.05% Cap Rate
  • 3 Years Remaining on Initial Lease Term with Five, 5-Year Options
  • Gross Lease - Landlord Covers Roof, Structure, and Taxes; Tenant Covers Utilities, Interior, and HVAC Maintenance
  • Completely Gut Renovated in 2020

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

Discount

Dollar Tree - Belle, WV

Listing Price: $700,000

Cap Rate
7.05%
Tenant Name
Dollar Tree
Years Remaining On Lease
2.4
Guarantor
No Guarantee
Rentable SF
10,623
Lease Type
Gross Lease
Rent Per Square Feet
$5.24

Investment Highlights

  • 7.05% Cap Rate
  • 3 Years Remaining on Initial Lease Term with Five, 5-Year Options
  • Gross Lease - Landlord Covers Roof, Structure, and Taxes; Tenant Covers Utilities, Interior, and HVAC Maintenance
  • Completely Gut Renovated in 2020

Investment Overview

Marcus & Millichap presents for sale the Dollar Tree in Belle, West Virginia. This building was originally built in 1995 but received major renovations in 2020 before the new lease began. It sits on 1.50 acres and has over 10,000 square feet of rentable space. The Dollar Tree lease is a 5-Year lease that commenced in July of 2020. It allows for five, 5-year options for a grand total of 30 available years. Each option has a $0.50 per square foot increase. This property is being sold at a 7.05% capitalization rate, accounting for tax expenses to be covered by the land owner.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

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