2201 Cheat Rd
Morgantown, WV 26508
Retail Property For Sale

Fortis Net Lease is pleased to present this 9,026 SF Dollar General store located in Morgantown, WV. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB” , which is classified as Investment Grade. The store is under construction with rent scheduled to commence on 4/1/2019. This Dollar General is highly visible as it is strategically positioned in Morgantown, VA. The five mile population from the site exceeds 24,000, while the one mile median household income exceeds $105,000 per year, making this location perfect for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.80% cap rate based on NOI of $110,735.