1313 Oak St
Kenova, WV 25530
Retail Property For Sale

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1313 Oak St in Kenova, West Virginia. The investment is being offered at $560,848 which represents a 7.9% cap rate. The property is centrally located on the main retail strip through town with exceptional visibility. There are 9.6 years remaining on the current lease term due to a recent early extension that included a rental increase. There are two, five year options, both with 10% rental increases. The landlord responsibilities are limited to roof, structure and parking lot with the tenant handling any repair up to $1,250 per occurrence. The store is positioned on the corner of a four way signalized intersection, directly across the street from a CVS that was built in 2012. Other retail in the area includes McDonald’s, Burger King, Advance Auto, USPS, Pizza Hut, Subway, O’Reilly Auto Parts, H&R Block, Fifth Third Bank, and others. There is also a notable amount of local tenants, schools, and churches that support the market. Kenova is located at the confluence of the Ohio and Big Sandy Rivers near the border of West Virginia, Ohio and Kentucky. The area has over 15,000 people within three miles and the site benefits from seeing more than 9,000 vehicles per day passing by, both strong market variables for a discount dollar store.