237 Cass RdSlaty Fork, WV 26291

Property Details for 237 Cass Rd

Year built

2023

Lot size

1.97 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Slaty Fork

County

Pocahontas

State

West Virginia

Latitude

38.4181

Longitude

-80.0423

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