421 Main St Madison, WV

Listing agency Legacy Real Estate Advisors d***@legacycrea.com Show Phone

Listed by Dominic Shamany · License ##6501439800 Show Phone

Source Moodyscre

Added: Oct 15, 2024 Updated: Jul 6 at 10:06AM Checked: Jul 21 at 3:01AM

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Investment Insights

Based on property information with market context.

This is a single tenant freestanding Dollar General property located in Madison, WV. The property operates under an NN lease structure, which entails minimal landlord responsibilities. The location benefits from a substantial local population, with over 2,700 residents within a 1-mile radius and more than 5,400 residents within a 3-mile radius. The property is approximately a 37-minute drive to Yeager Airport, a distance of 35.8 miles. The surrounding area includes a mix of local tenants and national retailers. Dollar General (NYSE: DG), ranked #128 on the Fortune 500, reported revenues exceeding $39 billion for FY2023, a 7.56% increase year-over-year. Dollar General holds an investment grade credit rating of "BBB" with S&P and a positive/stable outlook. As an essential retailer, Dollar General is considered internet, pandemic, and recession resistant.

Key Highlights

• Investment grade credit rating of "BBB" with S&P and a positive/stable outlook.
• Single tenant freestanding Dollar General.
• NN lease structure with minimal landlord responsibilities.

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FAQs

What type of property is this?

Storefront property - Single tenant Dollar General with minimal landlord responsibilities.

Where is this storefront property located?

The property is located at 421 Main St Madison, WV.

What is the asking price?

The asking price for this property is $327,273.

What are key features of this property?

This property features: Investment grade credit rating of "BBB" with S&P and a positive/stable outlook.; Single tenant freestanding Dollar General.; NN lease structure with minimal landlord responsibilities.