Discount
Dollar Tree - Belle, WV
3175 W Dupont Ave, Belle, WV 25015
Listing Price: $700,000
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
Listing Price: $700,000
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
