Family Dollar 2101 8th Ave 9,180 SF Retail Building Huntington, WV 25703 $1,048,571 ($114.22/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ATTRACTIVE RENT INCREASES The lease features an attractive 11.2% rent increase in 2028 as well as rental increases at the start of each option period.
- STRATEGIC RETAIL LOCATION: Family Dollar is strategically located just outside of Marshall University’s campus in downtown Huntington.
- MINIMAL LANDLORD RESPONSIBILITIES: Family Dollar has Double Net lease with minimal Landlord responsibilities.
- INVESTMENT GRADE CREDIT: The Family Dollar lease is guaranteed by Dollar Tree Stores, Inc.
EXECUTIVE SUMMARY
We are pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 2101 8th Avenue in Huntington, West Virginia (the “Property”). Family Dollar has occupied this build-to-suit location since 2010 and demonstrated a strong commitment to this location by twice extending their lease, as well as making interior renovations in 2020 to conform to their newest prototype. Family Dollar currently has 5+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive rent increases in 2028 and at the start of each renewal option.
Family Dollar is positioned along 8th Avenue on a highly visible corner parcel with prominent signage, two points of access, and ample parking. The Property is in an excellent location just a few blocks from Marshall University and downtown Huntington. The area is home to an extensive array of retailers and businesses that cater to the large student population and Huntington residents. Marshall University has a total enrollment of over 12,000 students, and Huntington is the second-largest city in West Virginia with a population of over 45,000.
Family Dollar is positioned along 8th Avenue on a highly visible corner parcel with prominent signage, two points of access, and ample parking. The Property is in an excellent location just a few blocks from Marshall University and downtown Huntington. The area is home to an extensive array of retailers and businesses that cater to the large student population and Huntington residents. Marshall University has a total enrollment of over 12,000 students, and Huntington is the second-largest city in West Virginia with a population of over 45,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built/Renovated
2010/2020
Price
$1,048,571
Price Per SF
$114.22
Cap Rate
8.75%
NOI
$91,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.93 AC
Zoning
Commercial
Parking
40 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
523’ on 8th Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-32-00460000 | Improvements Assessment | $355,860 |
| Land Assessment | $64,560 | Total Assessment | $420,420 |
