DOLLAR GENERAL | LOOKOUT, WEST VIRGINIA



INVESTMENT SUMMARY

Purchase Price
$1,340,000

Location
20 Zickafoose Road

Cap Rate
7.00%

Annual Rent
$93,800.00

Building Size
9,014 SF

Land Area
1.63 Acres

Ownership
Fee Simple

Lease Type
ABSOLUTE NNN

Term Remainning
11 Years

LEASE EXPIRATION
12/31/2032

Renewal Options

RENT INCREASES
10% at Options

Parking
37 Spaces

Year Built
2017

APN
1-52R-11

Traffic Counts
2,775 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 11 Years Remaining in the Initial 15 Year Lease Term
- 2017 Construction - 9,100 SF
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
- Wide Profile Building Type for Flexible Future Use & Universal Applications
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
PROXIMITY TO MAJOR CITIES:
- Beckley, West Virginia | 33 Miles
- Charleston, West Virginia | 57 Miles
- Roanoke, Virginia | 131 Miles
- Morgantown, West Virginia | 145 Miles
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population = 762 Residents
- 3-Mile Average Household Income = $75,750
- 5-Mile Population = 1,701 Residents
- 5-Mile Average Household Income = $71,888
- 7-Mile Population = 4,401 Residents
- 7-Mile Average Household Income = $67,845
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s
- 17,000 Stores in 46 States as of November 14, 2020
- Dollar General Achieved Their 30th Consecutive Year of Positive Same-Store Sales Growth in 2019
- Ranked #112 on the Fortune 500 List - Up 7 from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 11 Consecutive Years)
- In 2021, Dollar General Plans to Execute 2,900 Real Estate Projects - 1,050 New Store Openings, 1,750 Store Remodels, and 100 Store Relocations