For Sale
$532,400

204 Pike St Shinnston, WV 26431

West Virginia Retail Property - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a 13,000-square-foot Family Dollar store in Shinnston, West Virginia. Located at 204 S Pike St, this property sits on a 1.31-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $47,916. The property features a 25.8-year lease, currently with approximately 1.1 years remaining, commencing March 6, 2000, and expiring December 31, 2025. The lease is a Net Lease (NN) with a corporate guarantee from Dollar Tree, Inc. (NYSE: DLTR), providing significant financial security. Built in 2000, this build-to-suit property has a long operating history and benefits from a low annual rent of $3.69 per square foot. The current annual rent includes a base rent of $47,916 plus percentage rent equal to 3% of gross sales exceeding $1,597,200. The lease includes scheduled rent increases of 10% every five years. This property offers a compelling combination of strong tenant occupancy (100%), a secure lease, and a high cap rate, making it an attractive addition to any investment portfolio. The property's location in Harrison County, West Virginia, provides convenient access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-established, income-producing retail property with significant upside potential.

Highlights

  • Fee-simple ownership of a 13,000 SF Family Dollar store in Shinnston, WV.
  • Corporate guarantee from Dollar Tree, Inc. (NYSE: DLTR) with a BBB (S&P) credit rating.
  • Low annual rent of $3.69/SF, providing a strong base for future leasing.

Property Details for 204 Pike St

Property type
Retail properties, Grocery and convenience stores
Square Feet
13,000 SF
Year Built
2000
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Shinnston
County
Harrison
State
West Virginia
Latitude
39.3932993
Longitude
-80.305594

FAQs

What type of property is this?
Retail property - West Virginia Retail Property - Net Lease
Where is the retail property located?
The property is located at 204 Pike St Shinnston, WV.
What is the asking price?
The asking price for this property is $532,400.
What are key features of this property?
This property features: Fee-simple ownership of a 13,000 SF Family Dollar store in Shinnston, WV.; Corporate guarantee from Dollar Tree, Inc. (NYSE: DLTR) with a BBB (S&P) credit rating.; Low annual rent of $3.69/SF, providing a strong base for future leasing.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
204 Pike St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message