Listing Agency: McGuire Realty Company Inc f***@callmcguire.com Show Phone

Listed By: Francis W McGuire · License #WV 0019009

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 7:10AM

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Investment Insights

Based on property information with market context.

This property features a Dollar General store located at 90 McGinnis Dr, Wayne, West Virginia. Constructed in 2004, the building offers 9,100 square feet of space and is positioned on a 0.80-acre parcel. The property is subject to a double-net (NN) lease with approximately 5.2 years remaining on an extended option from the original lease. The lease is guaranteed by Dollar General corporate, traded on the New York Stock Exchange (NYSE: DG), with an investment-grade credit rating of S&P BBB (Stable). The current base rent is $68,772, with a 3.17 percent rental escalation in the extended term and 9 percent rental escalations in each of the two five-year tenant renewal options. Dollar General Corporation, founded in Goodlettsville, Tennessee, operates over 15,000 stores in 45 states, offering frequently used and replenished products such as food, snacks, health and beauty aids, cleaning supplies, clothing, housewares, and seasonal items.

Key Highlights

• Corporate Guarantee: Backed by Dollar General (NYSE: DG) with an investment grade credit rating (S&P BBB, Stable).
• Stable Income: Double‑Net (NN) lease provides passive income.
• Rental Escalations: Features 3.17% rental escalations in the extended term and 9% escalations in each renewal option.

Property Analytics

Property Profile

Current Use

Dollar General Discount Store Little Caesars Mobile ... Restaurant Western Union Bank

Suggested Use

Top Pick Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 24844, WV

1,585

Population

646

Households

2.5

Avg Household Size

44

Median Age

5%

College-Educated

74%

High-School Grad

57.1 sq mi

ZIP Area

28

Density / Sq Mi

$25,344

Median Household Income

$65,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - NN leased Dollar General with corporate guarantee and rental escalations.

Where is this grocery and convenience store located?

The property is located at 90 McGinnis Dr Wayne, WV.

What are key features of this property?

This property features: Corporate Guarantee: Backed by Dollar General (NYSE: DG) with an investment grade credit rating (S&P BBB, Stable).; Stable Income: Double‑Net (NN) lease provides passive income.; Rental Escalations: Features 3.17% rental escalations in the extended term and 9% escalations in each renewal option.