326 W Main St, Ripley, WV 25271

We are pleased to present this new 10,640 SF. Dollar General Plus store located in Ripley, West Virginia. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 4 (5 year) options to renew! 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 preparing to begin construction with a projected rent start & opening date in December 2023.

This Dollar General is highly visible as it is strategically positioned in downtown Ripley off the I-77 exit (seeing 16,859 cars per day), on Main Street (Highway 33) which sees 5,744 cars per day. Surrounding tenants include Walmart, Kroger, Dollar Tree Walgreens, & more. The 10 mile population from the site is 21,156 and the 3 mile average household income is $60,216 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 6.40% cap rate based on NOI of $140,773.

15 Year Absolute NNN Lease | Zero Landlord Responsibilities

2023 BTS Plus Size Construction | Opening in December 2023

5% PRIMARY TERM RENT INCREASES EVERY 5 YEARS!

4 (5 Year) Options | 5% Increases At Each Option

Three Mile Household Income $60,216

Ten Mile Population 21,156

5,744 VPD on Main Street | 16,859 VPD on I-77

Investment Grade Dollar Store With “BBB” Credit Rating

DG Reported 32 Consecutive Quarters of Same Store SalesGrowth

Surrounding Tenants Include: Walmart, Kroger, Dollar Tree & More