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    422 1St Ave S Nitro, WV 25143

    For Sale
    $1,739,141

    Newly opened Dollar General with a 15-year lease.

    Property size:
    10,640 SF
    Lot size:
    1.61 Acres

    Property Features for 422 1St Ave S

    General Information

    Size
    10,640 SF
    Lot size
    1.61 Acres

    Source: Realcorp, LLC Agent Quintie Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General NNN Investment Property

    This property features a newly opened Dollar General. The lease term is 15 years, with 5 five-year renewal options. The lease includes 10% escalations and a 6.4% cap rate on a NNN lease.
    Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kroger Floral

    Location Insight

    • Map
    • Local Demand
    City
    Nitro
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.8342014
    Latitude
    38.3973518

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    FAQs

    What type of property is this?
    Storefront property - Newly opened Dollar General with a 15-year lease.
    Where is this storefront property located?
    The property is located at 422 1St Ave S Nitro, WV.
    What is the asking price?
    The asking price for this property is $1,739,141.
    What are key features of this property?
    This property features: - Newly opened Dollar General location; - 15-year initial lease term; - NNN (Triple Net) lease structure
    (304) 925-7000
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    422 1St Ave S Nitro, WV 25143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    422 1St Ave S Nitro, WV 25143
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