2256 Alta DrAlderson, WV 24910

Property Details for 2256 Alta Dr

Lot size

0.17 AC

Property type

Retail properties

Property subtype

Retail space

APN

13-03- 40R-0003.0000

APU

130340R00030000

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 2256 Alta Dr, Alderson, WV 24910. The 8,000 square foot property sits on a 1.02-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $88,770. Built in 2013, the property features a recently extended corporate lease with Dollar Tree, extending through February 2028, with four 5-year option periods including 10% rent increases each. This represents a secure, long-term investment with a publicly traded, investment-grade tenant (Dollar Tree, NYSE: DLTR). The property benefits from its proximity to Lewisburg, WV, the county seat of Greenbrier County, offering access to government jobs, growth, and a robust retail environment including national retailers like Lowe's, Walmart, and Kroger. The location also enjoys proximity to the WV State Fair and Greenbrier Valley Medical Center. The lease is a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance (excluding roof and structure). This low-maintenance, high-return investment is priced at $987,000 ($123.38/sq ft) and presents a compelling opportunity for investors seeking stable income and long-term growth potential. The asking price reflects a lower-than-market rent, enhancing the overall return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,194,251

  6.5%

  $1,102,385

  7%

  $1,023,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,368,645

  Geo Method

  $3,386,081

• Alternative Use

  Use

  Valuation

  Residential

  $929,903

  Hospitality

  $851,786

  Educational

  $708,676

  Medical

  $733,049

  Retail

  $1,102,385

Location Insight

City

Alderson

County

Greenbrier

State

West Virginia

Latitude

37.7298

Longitude

-80.6313

Property Tax & Assessments

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