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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.
Highlights
Sub-$1M Price Point: Family Dollar store available for under $1 million due to lower-than-average rent.
Strong Location: Located 12 miles west of Lewisburg, WV (Greenbrier County seat), near major retailers (Walmart, Kroger, Lowe's) and Greenbrier Valley Medical Center.
Long-Term Lease: Corporate-guaranteed, Net-Net-Net (NNN) lease with Dollar Tree, extending through March 2028, with four 5-year renewal options including 10% rent increases each.
Investment-Grade Tenant: Dollar Tree (DLTR), a Fortune 500 company with an S&P BBB investment-grade credit rating.
Property Details
for 2256 Alta Dr
Property type
Other retail properties, Individual retail properties
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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