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Dollar General Plus | Pittsburgh MSA | Long Term Absolute Net Lease | Brand New 2022 Construction

1963 Lincoln Hwy, Chester (Pittsburgh MSA), WV 26034

Listing Price: $1,760,400

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.1
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$165.45
Lease Type
Absolute Net
Rent Per Square Feet
$9.93

Investment Overview

Chester is a city in northern Hancock County, West Virginia, along the Ohio River. Sharing a border with Ohio and lying about 3 miles west of Pennsylvania, Chester is the northernmost city in West Virginia. It is a part of the Weirton–Steubenville metropolitan area, and is home to the World’s Largest Teapot. The Weirton–Steubenville, WV–OH Metropolitan Statistical Area, also known as the Upper Ohio Valley, is a metropolitan statistical area consisting of two counties in the Northern Panhandle of West Virginia and one in Ohio, anchored by the cities of Weirton and Steubenville. As of the 2020 census, the MSA had a population of 116,903. This puts it at 334th largest in the United States. It is also included in the larger Pittsburgh–New Castle–Weirton, PA–OH–WV Combined Statistical Area. Centered around the Ohio River, the Upper Ohio Valley was historically a manufacturing center of the United States due to its strategic transportation location. Today, many of its communities are bedroom communities to nearby Pittsburgh.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads with Traffic Counts Exceeding 11k Vehicles.
  • In Close Proximity to Numerous Schools including Kent State University at East Liverpool, East Liverpool High, Middle and Elementary School.
  • This Dollar General is located 35 Miles from Downtown Pittsburgh and Less than 20 Miles from Pittsburgh International Airport.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

Financing By

Discount

Dollar General Plus | Pittsburgh MSA | Long Term Absolute Net Lease | Brand New 2022 Construction

Listing Price: $1,760,400

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.1
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$165.45
Lease Type
Absolute Net
Rent Per Square Feet
$9.93

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads with Traffic Counts Exceeding 11k Vehicles.
  • In Close Proximity to Numerous Schools including Kent State University at East Liverpool, East Liverpool High, Middle and Elementary School.
  • This Dollar General is located 35 Miles from Downtown Pittsburgh and Less than 20 Miles from Pittsburgh International Airport.

Investment Overview

Chester is a city in northern Hancock County, West Virginia, along the Ohio River. Sharing a border with Ohio and lying about 3 miles west of Pennsylvania, Chester is the northernmost city in West Virginia. It is a part of the Weirton–Steubenville metropolitan area, and is home to the World’s Largest Teapot. The Weirton–Steubenville, WV–OH Metropolitan Statistical Area, also known as the Upper Ohio Valley, is a metropolitan statistical area consisting of two counties in the Northern Panhandle of West Virginia and one in Ohio, anchored by the cities of Weirton and Steubenville. As of the 2020 census, the MSA had a population of 116,903. This puts it at 334th largest in the United States. It is also included in the larger Pittsburgh–New Castle–Weirton, PA–OH–WV Combined Statistical Area. Centered around the Ohio River, the Upper Ohio Valley was historically a manufacturing center of the United States due to its strategic transportation location. Today, many of its communities are bedroom communities to nearby Pittsburgh.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

Financing By

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