Matthews Logo

Navigation Menu

104 N. 4th St, Paden City, WV, 26159

DOLLAR GENERAL MARKET
$2,089,920

Photos

Highlights

INVESTMENT HIGHLIGHTS

  • DOLLAR GENERAL MARKET: Over 50% of the floor space utilized for consumable products; larger ‘PLUS’ size store model anticipates above average sales for this location
  • RELOCATION STORE: Tenant relocated from a smaller building in the market into this location, demonstrating their success in the market
  • NEW lease structure with 15 years of term containing 5.00% rental increases every 5 years in the primary term & at the start of each of the three, 5-year options.
  • 2025 built-to-suit construction for Dollar General with estimated delivery June 2025
  • Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
  • ±12,687 square foot building is developed to the tenant’s current specifications, offering ample space for consumable products. The larger store size is indicative of higher sales figures and healthier operating margins
  • STRONG CORPORATE GUARANTY: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
  • There are over 21,000 residents living within a 10-mile radius with an average household income over $64,000
  • Situated off of Andrews Rd on one of the best corners in town with excellent visibility and easy access, exposed to over ±11,200 VPD
  • EXCELLENT CONNECTIVITY: The property benefits from proximity to major highways, including State Routes 2, 7, and 180, facilitating easy access for customers and suppliers

Location

Agents

Broker of Record

Brayden Conner

License # WVB250301071 (WV)
Matthews Real Estate Investment Services of WV, LLC
1682 South Pleasant Valley Rd. Winchester, VA 22601

Key Information

Cap Rate
7%
$ per SF
$164
Year Built
2024
Term Remaining
±15 YRS
Type
Retail
NOI
$146,294
Leasable Area
12,867