Dollar General - Lester WV 1838 Lester Hwy hwy 10,640 SF Retail Building Lester, WV 25865 $1,927,007 ($181.11/SF) 6.85% Cap Rate

We are pleased to present this 2024 BTS, 10,640 SF. Dollar General plus store located in Lester, West Virginia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years, including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in January 2024.
This Dollar General is highly visible as it is strategically positioned on Lester Highway seeing 2,964 cars per day and surrounded by residential homes. This is the only dollar store serving the community! The ten mile population from the site is 51,481 and the three mile average household income $42,540 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.85% cap rate based on NOI of $132,000.