1400 Chestnut St - Supermarket FOR SALE


Kenova, WV 25530
$1,199,999 USD
859-285-5002
1400 Chestnut St, Kenova, WV for Sale
$1,199,999 USD
Supermarket - FOR SALE
1/3
null | 6.5% Cap Rate

1400 Chestnut St
Kenova, WV 25530


HIGHLIGHTS

  • Stable lease
  • Updated open concept floor plan and ceilings

OVERVIEW

Up for sale is this commercial property at 1400 Chestnut street Kenova, WV 25530. This property is fully leased with a Save A Lot grocery store as the tenant with 52 months remaining on the lease with two five year options available with 10% rent increases on each. The lease is full triple net (NNN) with lessee responsible for taxes, insurance, and upkeep. Property suffered total loss fire in 2021 so everything has been updated and replaced since then. Roof was replaced in 2022 by property owner, as well as the HVAC units. Inside of property was updated with polished concrete floors and open ceiling concept in 2022 as well. New fire alarm system was installed in 2022 also. This property offers great long term potential for any investor.

FOR SALE DETAILS

PRICE

$1,199,999 USD

PRICE/SF

$75 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenova Save A Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

CROSS STREETS

14th St.

LAND ACRES

0.6 AC

LAND SF

26,343 SF

ZONING

-

APN/PARCEL ID

07-9-04620000,07-9-04630000,07-9-04640000,07-9-04650000,07-9-04660000

ASK ABOUT THIS PROPERTY

Jamason SparksJHGKL Enterprises Inc.More Info
859-285-5002

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Jamason SparksJHGKL Enterprises Inc.More Info
859-285-5002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.