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DOLLAR GENERAL | ABSOLUTE NET LEASE 2715 Seneca Trl S 9,100 SF Retail Building Ronceverte, WV 24970 $1,270,000 ($139.56/SF) 7.75% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue Exceeding $4B.
- Positioned between Key Regional Employment Centers - The Property sits between Major Employment Drivers including The Greenbrier Resort.
- Positioned directly along U.S. Route 219 (Seneca Trail South), a Primary North South Roadway serving Greenbrier County and connecting the Lewisburg.
- Minutes from Interstate 64 via the Lewisburg Interchange, providing Efficient Connectivity to Regional Economic Centers.
- The Combination of U.S. Route 219 and nearby Interstate 64 provides Strong Regional Mobility connecting Greenbrier County to Virginia, Charleston, etc
Executive Summary
Dollar General | Absolute Net Lease | Along U.S. Route 219 | Minutes from I-64 | In Close Proximity to Greenbrier Valley Medical Center | Near Greenbrier Resort | Gateway to Allegheny Mountain Recreation | Access to Greenbrier Valley Airport | Regional Retail Hub Serving Greenbrier County | Amazon Resistant Investment Grade Retail Asset
West Virginia Broker of Record 300 Wharton Cir., 2nd FL Triadelphia, WV 26059 Lic. #: WVB250301068 | P: (216) 264-2060 | 0442060 | Grant.Fitzgerald@MarcusMillichap.com
West Virginia Broker of Record 300 Wharton Cir., 2nd FL Triadelphia, WV 26059 Lic. #: WVB250301068 | P: (216) 264-2060 | 0442060 | Grant.Fitzgerald@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2018
Price
$1,270,000
Price Per SF
$139.56
Cap Rate
7.75%
NOI
$98,391
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.50 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 9,100 SF
- -
- Triple Net
- Aug 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 9,100 SF | - | Triple Net | Aug 2033 |
Property Taxes
| Parcel Number | 13081900440001 | Improvements Assessment | $211,140 |
| Land Assessment | $109,800 | Total Assessment | $320,940 |
Property Taxes
Parcel Number
13081900440001
Land Assessment
$109,800
Improvements Assessment
$211,140
Total Assessment
$320,940
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DOLLAR GENERAL | ABSOLUTE NET LEASE | 2715 Seneca Trl S
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