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Dollar General 2 Mountain View St 13,070 SF Retail Building Petersburg, WV 26847 $777,000 ($59.45/SF) 10.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- National Tenant
- Prominent Signage
- Large Paved Parking Lot
EXECUTIVE SUMMARY
Black Diamond Realty is pleased to present an exceptional investment opportunity at 2 Mountain View Street in Petersburg, WV. This offering features a freestanding Dollar General store that is fully leased to the national retailer, providing stable income with approximately six years remaining on the current lease term and two additional five-year renewal options available.
Strategically located within city limits, the property benefits from strong visibility and accessibility along Virginia Avenue, which experiences an average daily traffic count of 6,244 vehicles (Esri and Data Axle, 2024).
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2 Mountain View Street
This building is currently leased to Dollar General through Summer of 2028 with two additional five-year renewal options available. This one-story, all-brick
building offers approximately 13,000 square feet of retail space and includes a side overhead door that opens directly to the adjacent parking lot for
convenient loading. Key property upgrades include a resurfaced asphalt parking lot completed in 2018, a new sewer line from the building to the street installed in 2023, and a gravel roof replacement in 2006.
Strategically located within city limits, the property benefits from strong visibility and accessibility along Virginia Avenue, which experiences an average daily traffic count of 6,244 vehicles (Esri and Data Axle, 2024).
___
2 Mountain View Street
This building is currently leased to Dollar General through Summer of 2028 with two additional five-year renewal options available. This one-story, all-brick
building offers approximately 13,000 square feet of retail space and includes a side overhead door that opens directly to the adjacent parking lot for
convenient loading. Key property upgrades include a resurfaced asphalt parking lot completed in 2018, a new sewer line from the building to the street installed in 2023, and a gravel roof replacement in 2006.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,070 SF
Building Class
C
Year Built
1966
Price
$777,000
Price Per SF
$59.45
Cap Rate
10.50%
NOI
$81,585
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
12.26 AC
Parking
37 Spaces (2.83 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04-5-00340000 | Improvements Assessment | $126,510 |
| Land Assessment | $21,390 | Total Assessment | $147,900 |
PROPERTY TAXES
Parcel Number
04-5-00340000
Land Assessment
$21,390
Improvements Assessment
$126,510
Total Assessment
$147,900
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Dollar General | 2 Mountain View St
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