Bang Realty, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, newly constructed Dollar General investment property located in Hurricane, West Virginia. The tenant, Dollar General, recently signed a brand-new 15-year lease with four (4) additional 5-year options to extend, reflecting their long-term commitment to the site. The lease includes scheduled 5% rent increases every five years throughout the base term and at the beginning of each option period, providing consistent NOI growth and a natural hedge against inflation. The lease is absolute NNN, with the tenant responsible for all expenses including taxes, insurance, and maintenance, creating a true management-free investment ideal for passive or out-of-state investors.
The subject property is located along Main St which averages 8,500 vehicles passing by daily. The asset benefits from nearby direct on/off ramp access to Interstate 64, a major thoroughfare that averages 30,800 VPD. The site is in surrounded by other national/credit tenants including Dairy Queen, Speedway, Exxon and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The subject property is in close proximity to Hurricane Middle School (849 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 25,000 and 6,000 employees. Residents within a 5-mile radius of the subject property boast an affluent average household income of $106,751.