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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

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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.

Dollar General - Madison, WV - OM

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Building Size

15,862 SF

Building Class

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

Retailer
99,999 SF
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DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.