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Absolute Net Dollar General | Highest Population State Capital Location | Three, 5-Year Options

2382 Sissonville Dr, Charleston, WV 25387

Listing Price: $1,609,103

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$12.82

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Charleston, West Virginia.

Investment Highlights

  • Build-to-Suit Dollar General with Over Eight Years Remaining | Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Absolute Triple Net Lease | Tenant Pays 100 Percent Taxes, Insurance and Common Area Maintenance Expenses | Three, Five-Year Options with 10 Percent Rental Increases
  • High Visibility Along Sissonville Drive | Major Detour Road into Downtown Charleston
  • Four Miles from Downtown Charleston, State Capital of West Virginia and Most Populous City in the State
  • Strong Demographics: Population Exceeds 95,000 Within Seven Miles of the Property | Seven Miles from West Virginia Yeager International Airport
  • Recognized by Forbes Magazine Among it's Top 25 Corporate Responders to COVID-19 | Investment Grade Credit Tenant | S&P Rating: BBB
  • Dollar General is Ranked #106 on the Fortune 500 List as of 2023 | Dollar General has Over 18,500 Stores with Plans to Add Over 1,000 Locations by 2025

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

Financing By

Discount

Absolute Net Dollar General | Highest Population State Capital Location | Three, 5-Year Options

Listing Price: $1,609,103

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$12.82

Investment Highlights

  • Build-to-Suit Dollar General with Over Eight Years Remaining | Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Absolute Triple Net Lease | Tenant Pays 100 Percent Taxes, Insurance and Common Area Maintenance Expenses | Three, Five-Year Options with 10 Percent Rental Increases
  • High Visibility Along Sissonville Drive | Major Detour Road into Downtown Charleston
  • Four Miles from Downtown Charleston, State Capital of West Virginia and Most Populous City in the State
  • Strong Demographics: Population Exceeds 95,000 Within Seven Miles of the Property | Seven Miles from West Virginia Yeager International Airport
  • Recognized by Forbes Magazine Among it's Top 25 Corporate Responders to COVID-19 | Investment Grade Credit Tenant | S&P Rating: BBB
  • Dollar General is Ranked #106 on the Fortune 500 List as of 2023 | Dollar General has Over 18,500 Stores with Plans to Add Over 1,000 Locations by 2025

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Charleston, West Virginia.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

Financing By

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