36344 Coal River Rd Whitesville, WV 25209
- Retail properties
- 9,014 SF
Current Use by Public Records
- Retail properties
Property Details for 36344 Coal River Rd
- Year built
- 2004
- Property size
- 9,014 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a freestanding, 9,014 square foot Dollar General store located at 36344 Coal River Rd, Whitesville, WV 25209. The property boasts a strong 8.51% cap rate and a substantial net operating income (NOI) of $51,000. The single-tenant, net-leased property benefits from a long-term lease with approximately eight years remaining, plus two five-year renewal options, providing excellent lease stability. Originally built in 2004, the building received a new HVAC system in 2019. Strategically situated in the I-64 corridor of southwestern West Virginia, this Dollar General enjoys a dominant market position, holding a 58% share of the discount and dollar store sector within a five-mile radius. Its location on a major thoroughfare leading to Charleston, WV, ensures high visibility and accessibility. The asking price is $599,000, representing a price per square foot of $66.45. This presents a rare opportunity to acquire a well-established, high-performing retail asset with significant long-term growth potential. The lease commenced November 1, 2004, and expires October 31, 2032. This is a corporate-owned store with a proven track record of financial success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whitesville
- County
- Boone
- State
- West Virginia
- Longitude
- -81.5267
- Latitude
- 37.9795
