Dollar General

256 Middletown Road, Shinnston, WV 26431

$900,000

Cap Rate 14.91%

$2,064,862

Cap Rate 6.50%

Views: 118 DOM: 204 Updated: 08.06.24 Posted: 01.11.24 Status: Sold 08.02.24

Summary

Price $900,000 $2,064,862	Built/Renov 2023	Tenant Dollar General
Cap Rate 14.91% 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 11-03-2023	#Units 19,986
Price/SF $84.59 $194.07	Expiration 11-30-2038	Tenant Type Dollar/Discount
NOI $134,216	R. Term 13.11	Ownership Fee Simple
Rent/SF $12.61	Increases 5.0%/5/yrs	Pop 5Mi 12,922
Lot/AC 1.50	Options 4/5yrs/5%	AHHI 5Mi $99,469

Lease Highlights

Brand-new 2023 construction
Dollar General recently executed a brand-new 15-year lease with 4 (5-year) and 1 (4-year, 11 months) options to extend
Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Dollar General is ideally situated with signage and excellent frontage on Middletown Road, with access to 3,093 vehicles passing by daily. The prime location is further enhanced by its convenient proximity, situated within a 3-mile radius of the on/off ramps to I-79/Jennings Randolph Highway, a major regional north-south thoroughfare with a substantial daily traffic count of 57,247 vehicles....

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Key Features

New construction
Build to suit
Near major nationals
Strategically located
Affluent suburb location
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

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Links

Dollar General Wikipedia Dollar General Wikipedia Shinnston, West Virginia Zip Code 26431 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,153	4,223	12,729
2023 Total Population :	1,186	4,334	12,922
2023 Employed Civilian Pop :	565	1,898	6,429
2023 Total Businesses :	8	82	617
2023 Average Household Income :	$ 77,309	$ 87,956	$ 99,469
2023 Total Consumer Spending :	$ 33 M	$ 130 M	$ 458 M
2023 Median Age :	44	45	46
2023 Total Households :	502	1,722	5,320
2023 Pop Age 25+: Bachelor's Degree :	93	564	2,074
2023 Average Home Value :	$ 207,203	$ 240,610	$ 221,809

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
I- 79	Benedum Dr	2015	38,416	0.81 mi
State Rte 73	Co Rd 73/7	2002	2,800	1.43 mi
State Route 73	Co Rd 73/10	2021	3,093	1.55 mi
I 79	Benedum Dr	2021	34,561	1.57 mi
I- 79	State Hwy73	2002	31,500	2.14 mi
I 79	Freed Dr	2021	44,035	2.15 mi
Pup Run	Tappan	2021	530	2.31 mi
Benedum Drive	Saltwell Rd	2021	7,065	2.48 mi
	Barnett Run Rd	2021	2,888	2.55 mi
State Route 73	Sweeps Run Rd	2021	3,239	2.56 mi

Listing Broker

Michael Shover

CBRE: NLPG Philadelphia

Contact

62 Listings
9890 Views
25 Sold

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

62 Listings
9890 Views
25 Sold

Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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