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- LoopNet Team
19519 Pond Fork Rd
Van, WV 25206
New Family Dollar - 8% · Retail Property For Sale
PROPERTY FACTS
Amenities
- Signage
About 19519 Pond Fork Rd , Van, WV 25206
Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store, located in Van, WV. The property is encumbered with a Ten (10) Year NN Lease with approximately 9.75 years remaining. The NN lease structure leaves minimal landlord responsibilities. The lease contains Six (6), 5-Year options, each with a 10% rental rate increase. The lease is corporately guaranteed by Family Dollar which was upgraded to investment grade credit in March 2018 (S&P: BBB-). This Family Dollar store is strategically located in Van, WV. With limited mobility due to the mountainous terrain of West Virginia, this store serves as a much needed grocer to the immediate area. The nearest grocer is over 20 miles away! The lack of national retail competition increases the need of this store to the locals. The population within a ten mile radius is greater than 13,881, with the average household income within a one mile radius exceeding $56,000. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant in rural markets.
