237 Cass Rd 2,400 SF Retail Building Slatyfork, WV 26291 $1,659,600 ($691.50/SF) 7.25% Cap Rate

EXECUTIVE SUMMARY

- Brand New 2023 Construction - Large Format Store, 10,640 Square Feet, on a 1.97 Acre Lot
- Corporate Guarantee - 15 Year Absolute NNN Lease with 3(5) Year Options and 10% Rental Increases Every 5 Years
- Subject Property is Located Along Seneca Trail / U.S. Highway 219, a major north-south route connecting New York to Virginia.
- This Site is 2 Miles from Snowshoe Mountain Resort - Home to 40 trails and 1,500 feet of descending, Snowshoe Bike Park is world renowned for biking and off-roading. They also offer access to Shaver Lake for paddleboarding and canoeing. In the Winter, you can take advantage of their three unique mountain areas, 60+ trails and glades, four terrain parks, night skiing, and activities like snowmobiling, tubing, swimming, and backcountry adventuring.
- Snowshoe is an Unincorporated Community in Pocahontas County, West Virginia, centered around the Snowshoe Mountain ski resort. About 480,000 skiers visit the area each year, primarily from West Virginia and the larger cities of the Mid-Atlantic and Southeast.
Dollar General has an S&P BBB Rating and is Ranked on the Fortune 500 List. Dollar General has shown exceptional growth, with $38.7 billion in sales in fiscal year 2023.
- E-Commerce Resistant Retailer Experiencing Explosive Growth - One month after opening its 20,000th store, Dollar General said that it plans to open 800 more new stores, remodel 1,500 locations and relocate 85 stores this year — 2,385 real estate projects overall. This year's store openings will include 30 Popshelf-format locations and up to 15 stores in Mexico.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
C
Year Built
2022
Price
$1,659,600
Price Per SF
$691.50
Cap Rate
7.25%
NOI
$120,321
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.97 AC
Zoning
Commercial
Frontage
150’ on Route 219 (Senica Trail)

AMENITIES

  • Corner Lot
  • Signage

PROPERTY TAXES

  • Listing ID: 34924215

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 237 Cass Rd, Slatyfork, WV 26291