3902 Coal Heritage Rd - Storefront FOR SALE


Bluefield, WV 24701
$1,222,092 USD
513-300-0763
3902 Coal Heritage Rd, Bluefield, WV for Sale
$1,222,092 USD
Storefront - FOR SALE
1/5
null | 7.75% Cap Rate

3902 Coal Heritage Rd
Bluefield, WV 24701


OVERVIEW

Bang Realty is pleased to exclusively market for sale a two-tenant Advance Auto Parts and Dollar General property located in Bluefield, West Virginia. Both Advance Auto Parts and Dollar General have been operating at the subject property since the late 90’s. They have executed numerous lease extensions throughout their tenancy demonstrating commitment to the site. The property features a weighted average lease term remaining of over 6 years. Both tenants are paying significantly below market rent; the subject property rent is $5.64 PSF compared to the Costar market rent of $11.14 PSF. Advance Auto Parts has a substantial 17% rent increase in their next renewal option, while Dollar General has an upcoming 10% escalation in 2025. Additionally, both tenants are publicly traded companies, and Dollar General is investment grade rated with an S&P rating of BBB. This is an opportunity to acquire a stabilized asset leased to two industry leading tenants and a very low basis of $70 PSF. The 17,240 square-foot building benefits from its position along Coal Heritage Road which experiences over 11,500 vehicles per day and is considered the main thoroughfare through Bluewell into Bluefield. Both Advance Auto Parts and Dollar General have limited competition in the immediate area. Nearby tenants include Grant’s IGA Supermarket, Coca-Cola Bottling, Family Dollar, Exxon, and First Community Bank. Additionally, the area features ideal demographic metrics for the subject tenants. There are over 50,100 people living within a ten-mile radius that earn an average household income of $62,760.

FOR SALE DETAILS

PRICE

$1,222,092 USD

PRICE/SF

$71 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General & Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C

APN/PARCEL ID

28-02- 17H-0018.0000

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.