204 S Pike St - Convenience Store FOR SALE


Shinnston, WV 26431
$479,160 USD
513-300-0763
204 S Pike St, Shinnston, WV for Sale
$479,160 USD
Convenience Store - FOR SALE
1/2
null | 10% Cap Rate

204 S Pike St
Shinnston, WV 26431


HIGHLIGHTS

  • Original Build-To-Suit Construction | Long Operating History | Tenant Has Exercised Their Fourth (4th) Option Period | Strong Site Commitment
  • Corporate Guarantee (NYSE: DLTR) The subject property is corporately guaranteed by Dollar Tree, Inc.
  • Recent Parking Lot Improvements | Site Undergoing Exterior Renovations | Roof Replaced In 2019 | Full Roof Warranty Through 2034

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Family Dollar located at 204 S Pike St, Shinnston, WV 26431. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.31-acre parcel of land. This Family Dollar is subject to a 15-year Double Net (NN) lease, which commenced 3/6/2000. The current annual rent is $47,916 + percentage rent equal to three percent (3.00%) of the gross sales in excess of $1,597,200.00 and has scheduled increases of 10.00% every 5 years. 6.3 years remain on the lease after the tenant exercised their fourth renewal option.

FOR SALE DETAILS

PRICE

$479,160 USD

PRICE/SF

$37 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

06-1003-00020000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.