1521 Van Meter Way - Department Store FOR SALE


West Liberty, WV 26074
$1,050,300 USD
513-300-0763
1521 Van Meter Way, West Liberty, WV for Sale
$1,050,300 USD
Department Store - FOR SALE
1/6
null | 9% Cap Rate

1521 Van Meter Way
West Liberty, WV 26074


HIGHLIGHTS

  • • 5.5 Years Remaining
  • • 2019 Construction
  • • NNN Lease Structure
  • • True Corporate Guarantee from Family Dollar Stores, Inc (S&P BBB Credit)
  • • 5% Increases Every 5 Years in Options
  • • ZERO Dollar Store Competition within an 7-mile radius

OVERVIEW

Economic Diversity: West Liberty, WV, enjoys a diverse economic base, supported by sectors such as agriculture, tourism, and small businesses. This economic diversity contributes to a stable commercial real estate market, offering opportunities for investment and development across various industries. Strategic Location: West Liberty benefits from its strategic location within the Ohio Valley region. Positioned near major transportation routes, including State Route 88 and proximity to Route 2, the town serves as a pivotal hub for transportation and commerce. This accessibility makes West Liberty an attractive destination for businesses looking to establish a presence in the region. Community Revitalization Efforts: In recent years, West Liberty has undertaken revitalization initiatives aimed at enhancing the town’s infrastructure and attractiveness. These efforts focus on improving the downtown area and creating a more vibrant community for residents and visitors alike. As a result, there are opportunities for commercial real estate development in these revitalized zones, supporting the town’s economic growth and vitality Educational and Cultural Institutions: West Liberty is home to educational institutions such as West Liberty University, which contributes significantly to the local economy and demand for commercial real estate. Additionally, the town’s rich cultural heritage and proximity to attractions such as West Liberty Heritage Foundation Museum further enhance its appeal for investment and development opportunities.

FOR SALE DETAILS

PRICE

$1,050,300 USD

PRICE/SF

$126 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

09-WL4-00050000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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

Brian BrockmanBang RealtyMore Info
513-300-0763

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