For Sale
$1,718,871

237 Cass Rd Slaty Fork, WV 26291

West Virginia NNN Lease, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store built in 2023. Located at 237 Cass Rd, Slaty Fork, WV 26291, on a 1.97-acre lot, this property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with a BBB S&P rating. The lease includes three 5-year options with 10% rent increases every five years, ensuring consistent and growing income. The property's strong financial performance is reflected in its current 7.00% cap rate and a net operating income (NOI) of $120,321. The store benefits from its strategic location along U.S. Highway 219, a major north-south route, and its proximity to the popular Snowshoe Mountain Resort, attracting approximately 480,000 skiers annually. Dollar General's impressive growth trajectory, including plans for significant expansion, further solidifies this investment's long-term potential. This e-commerce resistant retailer is experiencing explosive growth, making this a secure and lucrative opportunity for discerning investors. The property's high occupancy rate of 100% underscores its strong performance and market demand. This is a rare chance to acquire a high-performing, passively managed retail asset with a blue-chip tenant in a desirable location.

Highlights

  • Brand new 2023 construction.
  • 10,640 SF building on a 1.97-acre lot.
  • 15-year absolute NNN lease with three (5-year) options and 10% rental increases every five years; corporate guarantee.
  • High-traffic location on US Highway 219, connecting New York and Virginia.
  • Two miles from Snowshoe Mountain Resort.
  • Investment-grade tenant (Dollar General), S&P BBB rating, Fortune 500 company, experiencing significant growth.

Property Details for 237 Cass Rd

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
85,813 SF

Location Insight

City
Slaty Fork
County
Pocahontas
State
West Virginia
Latitude
38.4180667
Longitude
-80.0423105

FAQs

What type of property is this?
Retail property - West Virginia NNN Lease, 7% Cap Rate
Where is the retail property located?
The property is located at 237 Cass Rd Slaty Fork, WV.
What is the asking price?
The asking price for this property is $1,718,871.
What are key features of this property?
This property features: Brand new 2023 construction.; 10,640 SF building on a 1.97-acre lot.; 15-year absolute NNN lease with three (5-year) options and 10% rental increases every five years; corporate guarantee.
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.
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237 Cass Rd
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