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Dollar General - Madison, WV 421 Main St 15,862 SF Retail Building Madison, WV 25130 $300,000 ($18.91/SF) 11.27% Cap Rate
Investment Highlights
- Single Tenant Freestanding Dollar General in Madison, WV
- Dollar General Holds an Investment Grade Credit Rating of "BBB" With S&P and a Positive/Stable Outlook
- 2,700+ People Reside within 1 Mile Radius of Site - 5,400+ People Reside within 3 Mile Radius of Site
- 37 Minute Drive to Yeager Airport (35.8 Mile Distance)
- Essential Retailer - Internet, Pandemic, and Recession Resistant Tenant
- Surrounded by Several Local Tenants + National Retailers Including Kroger, Save A Lot, McDonald's, and More
Executive Summary
This freestanding Dollar General store presents a compelling investment opportunity with a gross lease in place through May 31, 2027, backed by a corporate guarantee and one remaining five-year renewal option featuring a 5% rental increase. The 9,975-square-foot brick building has served the community for over 40 years, underscoring the tenant’s long-term commitment to the location. Strategically positioned along the town’s main corridor and directly off State Street, the site benefits from daily traffic counts exceeding 14,000 vehicles and sits within a retail corridor anchored by national brands including McDonald’s, Kroger, Goodwill, Wendy’s, and USPS. The property is less than two miles from Boone Memorial Hospital and surrounded by ideal dollar store demographics and household income levels. With city-managed parking lot paving, snow and ice removal, and landscaping, the asset offers minimal landlord responsibilities. Its low rent and price per square foot, combined with a high cap rate and Dollar General’s investment-grade S&P “BBB” credit rating, make this a strong candidate for investors seeking reliable returns in a competition-void market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,862 SF
Building Class
B
Year Built
1950
Price
$300,000
Price Per SF
$18.91
Cap Rate
11.27%
NOI
$33,805
Tenancy
Single
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.22 AC
Parking
7 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
83’ on Main St
Amenities
- Signage
- Wheelchair Accessible
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $193,620 | |
| Land Assessment | $31,380 | Total Assessment | $225,000 |
Property Taxes
Parcel Numbers
Land Assessment
$31,380
Improvements Assessment
$193,620
Total Assessment
$225,000
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Dollar General - Madison, WV | 421 Main St
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