For Sale
$987,000

2256 Alta DrAlderson, WV 24910

West Virginia Convenience Store, 9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
106

Highlights

  • Sub-$1M Price Point: Family Dollar store available for under $1 million due to lower-than-average rent.
  • Strong Location: Located 12 miles west of Lewisburg, WV (Greenbrier County seat), near major retailers (Walmart, Kroger, Lowe's) and Greenbrier Valley Medical Center.
  • Long-Term Lease: Corporate-guaranteed, Net-Net-Net (NNN) lease with Dollar Tree, extending through March 2028, with four 5-year renewal options including 10% rent increases each.
  • Investment-Grade Tenant: Dollar Tree (DLTR), a Fortune 500 company with an S&P BBB investment-grade credit rating.

Property Details for 2256 Alta Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Year Built
2013
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Alderson
County
Greenbrier
State
West Virginia
Latitude
37.7297083
Longitude
-80.6310439
2256 Alta Dr, Alderson, West Virginia
Leaflet | © OpenStreetMap contributors

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2256 Alta Dr
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