Remarks

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.

Details

MLS#: 181850
Price: $725,000

Style: Retail
Sq Ft: 9014
Year Built: 2006

County: Cabell