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5150 Route 10
Barboursville, WV 25504

New Family Dollar - 8% Cap · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
1.10 AC
Zoning
C
Frontage
861 ft on Route 10

Amenities

  • Signage

About 5150 Route 10 , Barboursville, WV 25504

Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store, located in Barboursville, WV. The property is encumbered with a Ten (10) Year NN Lease with approximately 8.75 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 Barboursville, 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 lack of national retail competition increases the need of this store to the locals. The population within a five mile radius is greater than 18,440, with the average household income within a one mile radius exceeding $63,000. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant in rural markets.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-9-01040008
Land Assessment
£18,410
Improvements Assessment
£0
Total Assessment
£18,410
  • Listing ID: 13826087

  • Date on Market: 19/09/2018

  • Last Updated:

  • Address: 5150 Route 10, Barboursville, WV 25504

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