259 N Main St - Freestanding FOR SALE


Webster Springs, WV 26288
$1,155,000 USD
773-495-0200
259 N Main St, Webster Springs, WV for Sale
$1,155,000 USD
Freestanding - FOR SALE
1/3
null | 8.11% Cap Rate

259 N Main St
Webster Springs, WV 26288


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease Structure, With Zero Landlord Responsibilities, Providing Passive And Predictable Cash Flow
  • Established Lease Commenced In 2017 With Approximately 6.5 Years Remaining, Providing Stable Near-Term Income Security
  • Scheduled 10% Rental Increases During Option Periods, Offering Built-In Income Growth And Inflation Protection
  • Five (5) Five-Year Renewal Options, Allowing For Up To 25 Additional Years Of Occupancy And Extended Income Potential
  • Corporate Lease Backed By Dollar General Corporation, Enhancing Credit Strength And Long-Term Investment Security
  • Leading National Discount Retailer — Dollar General Is One Of The Largest Small-Box Retail Chains In The United States, With A Broad And Continually E

OVERVIEW

Strategically Positioned Along North Main Street (WV Route 20) | A Primary North-South Corridor Through Webster Springs Connecting Local Residential Areas With Regional Routes Capturing Daily Community And Commuter Traffic Freestanding Dollar General Store | Highly Visible Retail Site With Direct Access And Efficient Parking, Purpose-Built To Serve Everyday Convenience And Value-Oriented Shopping For The Surrounding Community. Community-Serving Retail Anchor | Located Within Webster Springs' Primary Commercial Area, Generating Consistent Traffic From Local Residents And Nearby Rural Communities Established Neighborhood Retail Corridor |Surrounded By Local Businesses, Service Providers, And Community Institutions, Reinforcing North Main Street As The Town's Core Commercial Node

FOR SALE DETAILS

PRICE

$1,155,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

8.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

07 301610000

ASK ABOUT THIS PROPERTY

Michael GlassMarcus & MillichapMore Info
773-495-0200

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Michael GlassMarcus & MillichapMore Info
773-495-0200

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