2101 8th Ave - Freestanding FOR SALE


Huntington, WV 25703
$1,079,413 USD
513-300-0763
2101 8th Ave, Huntington, WV for Sale
$1,079,413 USD
Freestanding - FOR SALE
1/2
null | 8.5% Cap Rate

2101 8th Ave
Huntington, WV 25703


HIGHLIGHTS

  • ATTRACTIVE RENT INCREASES The lease features an attractive 11.2% rent increase in 2028 as well as rental increases at the start of each option period.
  • MINIMAL LANDLORD RESPONSIBILITIES: Family Dollar has Double Net lease with minimal Landlord responsibilities.
  • STRATEGIC RETAIL LOCATION: Family Dollar is strategically located just outside of Marshall University’s campus in downtown Huntington.
  • INVESTMENT GRADE CREDIT: The Family Dollar lease is guaranteed by Dollar Tree Stores, Inc.

OVERVIEW

We are pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 2101 8th Avenue in Huntington, West Virginia (the “Property”). Family Dollar has occupied this build-to-suit location since 2010 and demonstrated a strong commitment to this location by twice extending their lease, as well as making interior renovations in 2020 to conform to their newest prototype. Family Dollar currently has 5+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive rent increases in 2028 and at the start of each renewal option. Family Dollar is positioned along 8th Avenue on a highly visible corner parcel with prominent signage, two points of access, and ample parking. The Property is in an excellent location just a few blocks from Marshall University and downtown Huntington. The area is home to an extensive array of retailers and businesses that cater to the large student population and Huntington residents. Marshall University has a total enrollment of over 12,000 students, and Huntington is the second-largest city in West Virginia with a population of over 45,000.

FOR SALE DETAILS

PRICE

$1,079,413 USD

PRICE/SF

$118 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

Commercial

APN/PARCEL ID

05-32-00460000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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