204 Pike St Shinnston, WV 26431-1122

Property Details for 204 Pike St

Lot size

1.31 lot acres

Property type

Retail space

APN

17-06-1003-0002.0000

APU

1706100300020000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 13,000-square-foot Family Dollar store in Shinnston, West Virginia. Located at 204 S Pike St, this property sits on a 1.31-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $47,916. The property features a 25.8-year lease, currently with approximately 1.1 years remaining, commencing March 6, 2000, and expiring December 31, 2025. The lease is a Net Lease (NN) with a corporate guarantee from Dollar Tree, Inc. (NYSE: DLTR), providing significant financial security. Built in 2000, this build-to-suit property has a long operating history and benefits from a low annual rent of $3.69 per square foot. The current annual rent includes a base rent of $47,916 plus percentage rent equal to 3% of gross sales exceeding $1,597,200. The lease includes scheduled rent increases of 10% every five years. This property offers a compelling combination of strong tenant occupancy (100%), a secure lease, and a high cap rate, making it an attractive addition to any investment portfolio. The property's location in Harrison County, West Virginia, provides convenient access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-established, income-producing retail property with significant upside potential.

Location Insight

City

Shinnston

County

Harrison

State

West Virginia

Longitude

-80.3057

Latitude

39.3932

CBSA code

17220

CBSA name

CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments