606 3rd Ave - Restaurant FOR SALE


Huntington, WV 25701
$2,481,594 USD
844-474-4666
606 3rd Ave, Huntington, WV for Sale
$2,481,594 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

606 3rd Ave
Huntington, WV 25701


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease With 18+ Years of Term Remaining
  • Attractive Increases - 2% Annual Bumps Starting May 1, 2027, Provide Significant Hedge to Inflation
  • Corporate Guaranteed Lease - Bob Evans Restaurants, LLC (450+ Corporate Locations)
  • Strategically Located in Downtown Huntington - Just Down the Street From Both Marshal Arena, the Esteemed Delta Hotel
  • Seasoned Location - Bob Evans Has Successfully Operated This Location For Over 20+ Years and Has Been a Fixture of the Local Huntington Community
  • Site Commitment - Tenant Recently Signed a Brand New 20 Year Lease Showcasing Intent to Remain at the Site

OVERVIEW

Sands Investment Group is Pleased to Present For Sale This Corporate-Guaranteed Bob Evans in Huntington, WV, Featuring an Absolute NNN Lease With Zero Landlord Responsibilities. Just Two Years Ago, the Tenant Signed a Brand-New 20-Year Lease, Reaffirming Their Commitment to This Established Location. With 18+ Years Remaining, This Offering Provides a Secure, Passive Income Stream Backed By a Nationally Recognized Brand. Situated in a High-Traffic Retail Corridor, This Property Benefits From Strong Visibility, Consistent Consumer Demand, and a Thriving Local Economy. This is a Rare Opportunity to Acquire a Stable, Long-Term Investment With a Well-Established National Tenant. In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00 BoR: Tom Gorman - Lic. WV #WVB23030087

FOR SALE DETAILS

PRICE

$2,481,594 USD

PRICE/SF

$440 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans - Huntington, WV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,585 SF

ZONING

-

APN/PARCEL ID

07-17-00420000

ASK ABOUT THIS PROPERTY

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

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