421 Main St - Retail FOR SALE


Madison, WV 25130
$338,050 USD
810-691-2960
421 Main St, Madison, WV for Sale
$338,050 USD
Retail - FOR SALE
1/29
null | 10% Cap Rate

421 Main St
Madison, WV 25130


HIGHLIGHTS

  • Single Tenant Freestanding Dollar General in Madison, WV
  • 37 Minute Drive to Yeager Airport (35.8 Mile Distance)
  • Dollar General Holds an Investment Grade Credit Rating of "BBB" With S&P and a Positive/Stable Outlook
  • Essential Retailer - Internet, Pandemic, and Recession Resistant Tenant
  • 2,700+ People Reside within 1 Mile Radius of Site - 5,400+ People Reside within 3 Mile Radius of Site
  • Surrounded by Several Local Tenants + National Retailers Including Kroger, Save A Lot, McDonald's, and More

OVERVIEW

This freestanding Dollar General store presents a compelling investment opportunity with a gross lease in place through May 31, 2027, backed by a corporate guarantee and one remaining five-year renewal option featuring a 5% rental increase. The 9,975-square-foot brick building has served the community for over 40 years, underscoring the tenant’s long-term commitment to the location. Strategically positioned along the town’s main corridor and directly off State Street, the site benefits from daily traffic counts exceeding 14,000 vehicles and sits within a retail corridor anchored by national brands including McDonald’s, Kroger, Goodwill, Wendy’s, and USPS. The property is less than two miles from Boone Memorial Hospital and surrounded by ideal dollar store demographics and household income levels. With city-managed parking lot paving, snow and ice removal, and landscaping, the asset offers minimal landlord responsibilities. Its low rent and price per square foot, combined with a high cap rate and Dollar General’s investment-grade S&P “BBB” credit rating, make this a strong candidate for investors seeking reliable returns in a competition-void market.

FOR SALE DETAILS

PRICE

$338,050 USD

PRICE/SF

$21 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Madison, WV

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,599 SF

ZONING

-

APN/PARCEL ID

03-5-00080000,03-5-00090000,03-5-00100000

ASK ABOUT THIS PROPERTY

Cole SkinnerMarcus & MillichapMore Info
810-691-2960

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Cole SkinnerMarcus & MillichapMore Info
810-691-2960

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