Discount
Dollar Tree - Expanded Offering Store
3558 Main St, Weirton, WV 26062
Listing Price: $1,420,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a retail property located at 3558 Main St, Weirton, West Virginia. This property consists of a 13,500 ft retail property located on a 51,400 square feet parcel of land. Dollar Tree, a leading operator of discount variety stores in the U.S. has signed a long-term lease and made a larger than normal investment with their T/I buildout estimated to be ($800-900k).
Located in the heart of Weirton, the property stands on a bustling main thoroughfare with a daily traffic count of over 19,000 vehicles. Its strategic positioning ensures optimal visibility and accessibility, making it an attractive destination for local shoppers. The asset is larger than the typical size and is filling the needs of the community as a small grocer. The site is surrounded by residential neighborhoods and complementary retail businesses, enhancing the location's appeal.
Weirton, part of the Pittsburgh metropolitan area, is a city on the rise, characterized by its industrious community and diverse economic base. The influx of commercial investments and ongoing development projects signifies a growth trend that bolsters the local economy.
Dollar Tree commenced a brand-new lease last year and has 8 years remaining on its primary term, providing investors with a stable income stream and the assurance of a nationally recognized tenant. Dollar Tree, Inc. (NASDAQ: DLTR), operates more than 15,000 stores across 48 states and 5 Canadian provinces, offering a wide variety of merchandise. The company's strong brand recognition, extensive retail network, and commitment to value have made it a preferred shopping destination for millions of consumers.
Investment Highlights
- Corporate Guarantee from $33.6 Billion Company (NASDAQ: DLTR)
- Long Term Lease with Increases - 8 Years Remaining on Primary Lease Term w/ 5% Rental Increases Starting Year 11 & Every 5 Years
- Excellent Visibility & Access - Frontage on Main Street - Traffic Counts of 19,000+ Vehicles Per Day
- Densely Populated Area - 24,000+ People in 3-Mile Radius
- Qualifies for 100% Bonus Depreciation - Contact Listing Agent for Estimate of Savings
- 5% Rental Increases Starting Year 11 And Every 5 Years
- Very Low Rent & Price/Ft Asset - Rent is at $9.00/ft with Purchase Price @ $120/ft
- Expanded Offering Store - Significant Grocery Offerings-Catering to the Locals Needs
Listing Price: $1,420,000
Investment Highlights
- Corporate Guarantee from $33.6 Billion Company (NASDAQ: DLTR)
- Long Term Lease with Increases - 8 Years Remaining on Primary Lease Term w/ 5% Rental Increases Starting Year 11 & Every 5 Years
- Excellent Visibility & Access - Frontage on Main Street - Traffic Counts of 19,000+ Vehicles Per Day
- Densely Populated Area - 24,000+ People in 3-Mile Radius
- Qualifies for 100% Bonus Depreciation - Contact Listing Agent for Estimate of Savings
- 5% Rental Increases Starting Year 11 And Every 5 Years
- Very Low Rent & Price/Ft Asset - Rent is at $9.00/ft with Purchase Price @ $120/ft
- Expanded Offering Store - Significant Grocery Offerings-Catering to the Locals Needs
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a retail property located at 3558 Main St, Weirton, West Virginia. This property consists of a 13,500 ft retail property located on a 51,400 square feet parcel of land. Dollar Tree, a leading operator of discount variety stores in the U.S. has signed a long-term lease and made a larger than normal investment with their T/I buildout estimated to be ($800-900k). Located in the heart of Weirton, the property stands on a bustling main thoroughfare with a daily traffic count of over 19,000 vehicles. Its strategic positioning ensures optimal visibility and accessibility, making it an attractive destination for local shoppers. The asset is larger than the typical size and is filling the needs of the community as a small grocer. The site is surrounded by residential neighborhoods and complementary retail businesses, enhancing the location's appeal. Weirton, part of the Pittsburgh metropolitan area, is a city on the rise, characterized by its industrious community and diverse economic base. The influx of commercial investments and ongoing development projects signifies a growth trend that bolsters the local economy. Dollar Tree commenced a brand-new lease last year and has 8 years remaining on its primary term, providing investors with a stable income stream and the assurance of a nationally recognized tenant. Dollar Tree, Inc. (NASDAQ: DLTR), operates more than 15,000 stores across 48 states and 5 Canadian provinces, offering a wide variety of merchandise. The company's strong brand recognition, extensive retail network, and commitment to value have made it a preferred shopping destination for millions of consumers.