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7958 Seneca

10,640 SF Retail Building Hillsboro, WV 24946 $2,138,907 CAD ($201 CAD/SF) 7% Cap Rate

Investment Highlights

  • Complete NNN Lease w/ Zero LL Responsibilities
  • Strong Corporate Credit
  • Located Along Seneca Trail / U.S. Highway 219, a Major North- South Route Connecting New York to Virginia.
  • Year Built 2023 – 14+ Years Remaining
  • Limited Competition in the Trade Area

Executive Summary

Founded in 1939, Dollar General lives its mission of Serving Others everyday by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of March 1, 2024, the Company’s 20,022 Dollar General, DG Market, DGX and pOpshelf stores
across the United States and Mi Súper Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor from our high-quality private brands alongside many of the world’s most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestlé, Procter & Gamble and Unilever.
STRATEGY
Dollar General sells similar products as wholesale retailers Wal-Mart (WMT) and Target (TGT), but typically at lower prices. Because of this, during harsh economic conditions, many consumers may make the change to shopping at Dollar General instead of a regular wholesale retailer. Dollar General’s (DG) business strategy revolves around driving profitable top-line growth while enhancing its low-cost operator position and capturing new growth opportunities. The company attempts to drive profitable top-line growth through strategies like improving the in-stock position of its stores and continuously offering products at competitive prices

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2023
Price
$2,138,907 CAD
Price Per SF
$201 CAD
Cap Rate
7%
NOI
$149,723 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.21 AC
Zoning
Commercial
Parking
3.29 Spaces per 1,000 SF Leased

Amenities

  • Freeway Visibility
  • Signage
  • Listing ID: 32057508

  • Date on Market: 2024-06-07

  • Last Updated:

  • Address: 7958 Seneca, Hillsboro, WV 24946

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