1239 Warwood Ave - Storefront FOR SALE
Wheeling, WV 26003 |
$5,260,000 USD
216-264-2000
1239 Warwood Ave
Wheeling, WV 26003
HIGHLIGHTS
- 73% Occupied, 91,918 SF Grocery- Anchored Community Shopping Center in Wheeling, WV
- Anchored by Kroger (37% of Occ. GLA) – In-Place Since the 1950’s with Current Term thru September 2027
- Kroger Reports Consistently Strong Sales; Exceeded $15.6M and $630/SF in Most Recent Year
- Significant Value-Add Potential via Lease-Up – Six Vacancies Totaling 24,504 SF Incl. One 12K SF Unit and Five Small-Shop Units
- Goodwill - Just Exercised 5-Year Option thru December 2029 w/ Increase in Rent
- 93% of Occupied GLA is Leased to National or Government Tenants (8 of 10 Tenants)
FOR SALE DETAILS
PRICE
$5,260,000 USD
PRICE/SF
$57 USD /SF
CAP RATE
8.26%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Warwood Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1952
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
LAND ACRES
5 AC
LAND SF
217,800 SF
ZONING
-
APN/PARCEL ID
10-W10-01250000
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216-264-2000
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216-264-2000
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