6594 Ohio River Rd - Freestanding FOR SALE


Lesage, WV 25537
$725,000 USD
6594 Ohio River Rd, Lesage, WV for Sale
$725,000 USD
Freestanding - FOR SALE
1/14
null | 7.33% Cap Rate

6594 Ohio River Rd
Lesage, WV 25537


HIGHLIGHTS

  • Only grocery option in Lesage
  • Renewed current term early
  • Six extensions remaining

OVERVIEW

This asset is situated in an underserved, tertiary market, making it an essential part of the local retail landscape. The location was selected through Dollar General’s proprietary, data-driven site selection process, which identifies underserved communities with strong consumer demand and limited retail alternatives. As a result, this location benefits from a built-in customer base and minimal competition, ensuring continued performance and long-term viability. With no other grocery option in Lesage, the Dollar General serves as the primary retail destination for local and regional residents. It offers a broad selection of everyday necessities, including food and beverages, health and beauty products, cleaning supplies, pet care items, and more. The store sees steady foot traffic and strong customer loyalty, driven by the absence of other national retailers in the area. For many residents, Dollar General is the most convenient and cost-effective option for household essentials. Financially, the property offers compelling fundamentals. It boasts an extremely low cost of occupancy, resulting in above-average store-level profitability. There are currently 5+ years remaining on the firm lease term, with six additional 5-year renewal options, providing a long runway of predictable income backed by contractual rent increases. This ensures built-in NOI growth over the life of the investment.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

None

APN/PARCEL ID

10-21-00050004

ASK ABOUT THIS PROPERTY

Brody NashCentury 21 Homes and Land Real EstateMore Info

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Brody NashCentury 21 Homes and Land Real EstateMore Info

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