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Dollar General Plus - Larger Format Store Concept | West Virginia | 15 Year Absolute Net Lease

17087 Marshall Highway, Paynesville (Appalachia Region), WV 24873

Listing Price: $1,714,285

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$161.12
Lease Type
Absolute Net
Rent Per Square Feet
$11.28

Investment Overview

Paynesville is an unincorporated community in McDowell County, West Virginia, Paynesville is located along West Virginia Route 83 at the Virginia border. McDowell County is the southernmost county in the state. It was created in 1858 by the Virginia General Assembly and named for Virginia Governor James McDowell. It became a part of West Virginia in 1863, when several Union-affiliated counties seceded from the state of Virginia during the American Civil War. McDowell County is located in the Cumberland Mountains, part of the Appalachia region.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 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.
  • Features Easy Access and Excellent Visibility Along one of the City's Main Roads. Limited Competition - The next nearest Dollar General is more than 12 Miles away.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

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Dollar General Plus - Larger Format Store Concept | West Virginia | 15 Year Absolute Net Lease

Listing Price: $1,714,285

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$161.12
Lease Type
Absolute Net
Rent Per Square Feet
$11.28

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 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.
  • Features Easy Access and Excellent Visibility Along one of the City's Main Roads. Limited Competition - The next nearest Dollar General is more than 12 Miles away.
  • Dollar General Plus Locations are Larger than Traditional Dollar General Stores that have additional Coolers/Freezers to keep more Perishable Items in Stock.

Investment Overview

Paynesville is an unincorporated community in McDowell County, West Virginia, Paynesville is located along West Virginia Route 83 at the Virginia border. McDowell County is the southernmost county in the state. It was created in 1858 by the Virginia General Assembly and named for Virginia Governor James McDowell. It became a part of West Virginia in 1863, when several Union-affiliated counties seceded from the state of Virginia during the American Civil War. McDowell County is located in the Cumberland Mountains, part of the Appalachia region.

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

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