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Brand New Construction Dollar General | West Virginia | 15 Year Absolute Net Lease

3034 Grafton Rd, Morgantown, WV 26508

Listing Price: $2,032,718

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$223.38
Lease Type
Absolute Net
Rent Per Square Feet
$13.07

Investment Overview

Morgantown is the county seat of Monongalia County, West Virginia, situated along the Monongahela River. West Virginia University is located in the city. Morgantown is the largest city in North-Central West Virginia. The City is made up of several neighborhoods, some of which had been independent towns that were annexed by the city as it continued to grow. Neighborhoods include First Ward, Woodburn, South Park, Jerome Park, South Hills, Second Ward, Greenmont, Suncrest, Evansdale, Wiles Hill, Sunnyside, Sabraton, the Mileground, and North Hills. While some of these, such as the Mileground, Easton, and Sabraton, are in part or entirely outside the city limits, they are still considered part of Morgantown. The Morgantown MSA contains roughly 117,000 permanent residents, including over 30,000 full-time students at West Virginia University.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Features Easy Access, Excellent Visibility & Positioned Along its City's Main Road w/ Traffic Counts Exceeding 7k Vehicles.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Discount

Brand New Construction Dollar General | West Virginia | 15 Year Absolute Net Lease

Listing Price: $2,032,718

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$223.38
Lease Type
Absolute Net
Rent Per Square Feet
$13.07

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Features Easy Access, Excellent Visibility & Positioned Along its City's Main Road w/ Traffic Counts Exceeding 7k Vehicles.

Investment Overview

Morgantown is the county seat of Monongalia County, West Virginia, situated along the Monongahela River. West Virginia University is located in the city. Morgantown is the largest city in North-Central West Virginia. The City is made up of several neighborhoods, some of which had been independent towns that were annexed by the city as it continued to grow. Neighborhoods include First Ward, Woodburn, South Park, Jerome Park, South Hills, Second Ward, Greenmont, Suncrest, Evansdale, Wiles Hill, Sunnyside, Sabraton, the Mileground, and North Hills. While some of these, such as the Mileground, Easton, and Sabraton, are in part or entirely outside the city limits, they are still considered part of Morgantown. The Morgantown MSA contains roughly 117,000 permanent residents, including over 30,000 full-time students at West Virginia University.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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