422 1st Ave S, Nitro, WV
Newly opened Dollar General with a 15-year lease.
- Added:
- Oct 18, 2024
- Days on Market:
- 601
- Last Refresh:
- May 20 at 9:22 pm
Property Features for 422 1st Ave S
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Lot size
- 1.61 Acres
- Property subtype
- RETAIL
Listing agent Quintie Smith
Listing office Realcorp, LLC (304) 925-7000
Listing date Oct 18, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realcorp, LLC
HighLights
- Newly opened Dollar General location
- 15‑year initial lease term
- NNN (Triple Net) lease structure
- Attractive 6.4% Cap Rate
- Includes 5 five‑year renewal options
- 10% rent escalations during renewal periods
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.2k | $14.40 |
| − Vacancy | −$6.4k | −$0.60 |
| EGI | $146.8k | $13.80 |
| − OpEx | −$44.0k | −$4.14 |
| NOI | $102.7k | $9.66 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kroger Floral — 1439 MacCorkle Ave, St Albans, WV 25177
Location Insight
- Map
- Local Demand
- City
- Nitro
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.8342
- Latitude
- 38.3974
