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Dollar General | Charleston MSA | Absolute Net | Along WV-817 - Minutes from Interstate 64

8651 Coal River Rd, Saint Albans (Charleston MSA), WV 25177

Listing Price: $1,332,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
7.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$146.37
Lease Type
Absolute Net
Rent Per Square Feet
$10.98

Investment Overview

St. Albans is located in Kanawha County in western West Virginia and is part of the Charleston Metropolitan Statistical Area, the largest population center in the state. Positioned along the Interstate 64 corridor, St. Albans benefits from direct connectivity to Charleston, the state capital located approximately 15 miles to the east, and Huntington, one of the region’s largest economic centers located approximately 50 miles to the west. This strategic location places the community within the Kanawha River Valley, one of West Virginia’s most important economic and transportation corridors.

The Charleston metropolitan region serves as the governmental, healthcare, and professional services hub for West Virginia. Charleston hosts the West Virginia State Capitol complex and numerous state government offices, supporting a large and stable employment base throughout the region. The local economy is further strengthened by major healthcare providers including CAMC Health System and Thomas Health, which operate several hospitals and medical facilities serving southern West Virginia.

Kanawha County is the most populous county in West Virginia and benefits from a diversified economic base that includes government, healthcare, education, energy, and professional services. Major regional employers include CAMC Health System, the State of West Virginia, and numerous private sector companies located throughout the Charleston metropolitan area.

The region also benefits from several higher education institutions including the University of Charleston and nearby West Virginia State University, both of which contribute to workforce development and attract students, faculty, and staff to the area. In addition, Yeager Airport in Charleston provides commercial air service supporting regional business travel and economic activity.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction Year.
  • Positioned along Coal River Road (West Virginia Route 817), a Primary Corridor serving the Coal River Valley and connecting Residential Communities including Tornado, Alum Creek, and St. Albans.
  • Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $40.61 Billion.
  • Located approx. Five Miles from Interstate 64, a Primary East West Transportation Corridor connecting Charleston, Huntington, and other Major Economic Centers throughout West Virginia.
  • St. Albans is part of the Charleston Metropolitan Statistical Area, the Largest Population Center in West Virginia and a Major Economic Hub for Government, Healthcare, and Professional Services.
  • Proximity to Recreational Amenities along the Kanawha River Valley - Residents benefit from nearby Recreational Destinations including Kanawha State Forest and Parks along the Kanawha River Corridor.
  • Positioned between Charleston and Huntington Economic Centers - The Interstate 64 Corridor connects St. Albans to Charleston and Huntington, Two of West Virginia's Largest Metropolitan Areas and Primary Employment Centers.
  • Nearby Higher Education Institutions support Regional Workforce - Universities including the University of Charleston and West Virginia State University contribute to Workforce Development and bring Students, Faculty, and Staff into the Region. Near Major Healthcare Providers serving the Region - Major Healthcare Systems including CAMC Health System and Thomas Memorial Hospital provide Significant Employment Bases and attract Patients from across Southern West Virginia.

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (216) 264-2060

    License(s) WV: WVB250301068

    West Virginia

Discount

Dollar General | Charleston MSA | Absolute Net | Along WV-817 - Minutes from Interstate 64

Listing Price: $1,332,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
7.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$146.37
Lease Type
Absolute Net
Rent Per Square Feet
$10.98

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Built Retail Asset with Modern Construction Year.
  • Positioned along Coal River Road (West Virginia Route 817), a Primary Corridor serving the Coal River Valley and connecting Residential Communities including Tornado, Alum Creek, and St. Albans.
  • Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $40.61 Billion.
  • Located approx. Five Miles from Interstate 64, a Primary East West Transportation Corridor connecting Charleston, Huntington, and other Major Economic Centers throughout West Virginia.
  • St. Albans is part of the Charleston Metropolitan Statistical Area, the Largest Population Center in West Virginia and a Major Economic Hub for Government, Healthcare, and Professional Services.
  • Proximity to Recreational Amenities along the Kanawha River Valley - Residents benefit from nearby Recreational Destinations including Kanawha State Forest and Parks along the Kanawha River Corridor.
  • Positioned between Charleston and Huntington Economic Centers - The Interstate 64 Corridor connects St. Albans to Charleston and Huntington, Two of West Virginia's Largest Metropolitan Areas and Primary Employment Centers.
  • Nearby Higher Education Institutions support Regional Workforce - Universities including the University of Charleston and West Virginia State University contribute to Workforce Development and bring Students, Faculty, and Staff into the Region. Near Major Healthcare Providers serving the Region - Major Healthcare Systems including CAMC Health System and Thomas Memorial Hospital provide Significant Employment Bases and attract Patients from across Southern West Virginia.

Investment Overview

St. Albans is located in Kanawha County in western West Virginia and is part of the Charleston Metropolitan Statistical Area, the largest population center in the state. Positioned along the Interstate 64 corridor, St. Albans benefits from direct connectivity to Charleston, the state capital located approximately 15 miles to the east, and Huntington, one of the region’s largest economic centers located approximately 50 miles to the west. This strategic location places the community within the Kanawha River Valley, one of West Virginia’s most important economic and transportation corridors. The Charleston metropolitan region serves as the governmental, healthcare, and professional services hub for West Virginia. Charleston hosts the West Virginia State Capitol complex and numerous state government offices, supporting a large and stable employment base throughout the region. The local economy is further strengthened by major healthcare providers including CAMC Health System and Thomas Health, which operate several hospitals and medical facilities serving southern West Virginia. Kanawha County is the most populous county in West Virginia and benefits from a diversified economic base that includes government, healthcare, education, energy, and professional services. Major regional employers include CAMC Health System, the State of West Virginia, and numerous private sector companies located throughout the Charleston metropolitan area. The region also benefits from several higher education institutions including the University of Charleston and nearby West Virginia State University, both of which contribute to workforce development and attract students, faculty, and staff to the area. In addition, Yeager Airport in Charleston provides commercial air service supporting regional business travel and economic activity.

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (216) 264-2060

    License(s): WV: WVB250301068

    West Virginia

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