Dollar General – Morgantown, WV
We are pleased to present this 8,365 SF retrofit Dollar General store located in Morgantown, WV. The property is secured with a 10 year Double Net (NN) Lease leaving minimal landlord responsibilities. The lease contains 5 (5 year) options to renew, each with a 10% rent increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is completing construction now with opening & rent start on track for February 2026.
This Dollar General is highly visible as it is strategically positioned on Fieldview Avenue seeing 10,631 cars per day, with 2 points of ingress/egress – available from 2 streets. It sits directly across from Mountainview Elementary School. The 5 mile population from the site is 81,169 and the 1 mile average household income is $89,369 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.25% cap rate based on NOI of $118,663.46.
INVESTMENT HIGHLIGHTS
• Brand New 10 Year Double Net (NN) Lease
• Minimal Landlord Responsibilities | Roof, Structure, Parking
• 2026 Retrofit Construction on 2017 Brand New Building
• Concrete Parking Lot
• 2 Points of Ingress/Egress | Accessible from 2 Streets
• 5 (5 Year) Options | 10% Increases At Each Option
• 1 Mile Household Income $89,369
• 5 Mile Population 81,169 | Steady Growth in Population
• 10,631 Cars Per Day on Fieldview Avenue
• Investment Grade Dollar Store With “BBB” Credit Rating
• Dollar General Corporate Guaranty
• Across from Mountainview Elementary School