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Dollar General | Downtown Location

1719 W Washington St, Charleston, WV 25387

Listing Price: $1,416,667

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
12,087
Lease Type
Double Net
Rent Per Square Feet
$7.03

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for a Dollar General located at 1719 W. Washington Street in Charleston, West Virginia. The property consists of 12,087 square feet of building space and is situated on a 0.77-acre parcel. This investment is subject to an original 12-year double-net (NN) lease that will commence on September 1, 2021. This is a corporate location and is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating (S&P BBB, Stable). The base rent is $85,000 and is subject to ten percent (10.00%) rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the lease for four successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 17,000 stores in 46 states Dollar General is among the largest discount retailer.

Investment Highlights

  • Located in Downtown Charleston, WV | Former Rite Aid Property with Phenomenal Exposure and Strong Traffic Counts (Over 18,000 Vehicles Per Day)
  • Long-Term, 12-Year Double Net (NN) Lease
  • Rent Set to Commence September 1, 2021

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

Discount

Dollar General | Downtown Location

Listing Price: $1,416,667

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
12,087
Lease Type
Double Net
Rent Per Square Feet
$7.03

Investment Highlights

  • Located in Downtown Charleston, WV | Former Rite Aid Property with Phenomenal Exposure and Strong Traffic Counts (Over 18,000 Vehicles Per Day)
  • Long-Term, 12-Year Double Net (NN) Lease
  • Rent Set to Commence September 1, 2021

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for a Dollar General located at 1719 W. Washington Street in Charleston, West Virginia. The property consists of 12,087 square feet of building space and is situated on a 0.77-acre parcel. This investment is subject to an original 12-year double-net (NN) lease that will commence on September 1, 2021. This is a corporate location and is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating (S&P BBB, Stable). The base rent is $85,000 and is subject to ten percent (10.00%) rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the lease for four successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 17,000 stores in 46 states Dollar General is among the largest discount retailer.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

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