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Views: 112 Updated: 03.03.25 Posted: 09.14.24 Status: Inactive

Summary

Price $682,500
Built/Renov 2010
Tenant Dollar General
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 08-01-2010
#Units 19,986
Price/SF $75.72
Expiration 07-31-2031
Tenant Type Dollar/Discount
NOI $54,600
R. Term 6.3
Ownership Fee Simple
Rent/SF $6.06
Increases 0.0%/0/yrs
Pop 5Mi 16,842
Lot/AC 1.00
Options 6/5yrs/10%
AHHI 5Mi $69,409

Lease Highlights

  • Dollar General has been operating in this location since 2010
  • The tenant has 6+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Ohio River Rd, with access to 9,659 vehicles passing by daily. Key educational institutions within a 10-mile radius include Lesage Elementary School, Barboursville Middle School, and Cabell Midland High School. The 5-mile trade area serves a population of 16,842 residents, with an average household income of $69,409. Lesage, a census-designated place...

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  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Listing Broker

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Bryan Bender

Fortis Net Lease

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  • 65 Listings
  • 14526 Views
  • 30 Sold
Brian Brockman

Bang Realty, Inc

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  • 29 Listings
  • 4390 Views
  • 5 Sold

January 18th, 2008 was my first day working in Commercial Real Estate. I still remember arriving early that morning, and receiving a phone call from my father. “Never change who you are” he said, knowing how nervous I was in trying to follow my brother, Robert, into Investment property sales at Marcus & Millichap. I had to make this work, I cannot fail, I thought to myself. After a one and a half decades of ups and downs, listings and closings, and seemingly endless negotiations, a lesson I

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Brian is one of only a handful of real estate brokers who is licensed in all 50 states and the District of Columbia. Brian is also one of a few auctioneers licensed throughout the country and has sold real estate via online auctions across the United States. Now, Brian is using his national real estate experience to help facilitate transactions for other commercial real estate brokers across the county. Brian has over 15 years in asset management experience and has sold properties for investo

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Andrew Bender

Fortis Net Lease

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  • 8 Listings
  • 1303 Views
  • 1 Sold
Corey Bunch

Fortis Net Lease

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  • 9 Listings
  • 1485 Views
  • 1 Sold

Andrew is a Central Michigan University graduate where he obtained his degree in Real Estate Development with a concentration in Finance. His college experience led him to become the President of the Professional Real Estate Society. His involvement allowed him to develop a handful of skills and extensive knowledge of the real estate business of which he now represents. At Fortis, Andrew specializes in exclusive seller and buyer representation with a multitude of national clients. His expertise

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Corey Bunch is an Investment associate at Fortis Net Lease. Corey spent 8 years in the corrugated industry as a sales representative before joining Fortis Net Lease. Being on the road everyday visiting customers taught Corey how to manage his time wisely, how to problem solve, and most importantly how to create valuable customer relationships by understanding their needs. Before getting started in the Packaging business Corey was a student at Michigan State University where he earned his Bac

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