301 Merchants Walk - Fast Food FOR SALE
Summersville, WV 26651 |
301 Merchants Walk
Summersville, WV 26651
HIGHLIGHTS
- Corporately-Backed, New 2020 Construction (Projected Opening: November) Location for High-Profile, Publicly Traded Starbucks
- Next Closest Starbucks Location is Over 35 Miles Away
- World Dominant Coffee Shop: Over 32,000 Locations Worldwide and Reports Revenues of $26.5 Billion
- Extremely Stable Tenant on a New 10-Year Lease with Mid-Term Rental Increase and 4, 5-Year Options
- Minimal Mgmt. for an Out-of-State, Passive Investor: Single-Tenant + New Build
- Strategically Positioned as an Outlot to Merchants Walk Shopping Center, Anchored by Big Lots and Dollar Tree & Adjacent to Walmart
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
New Starbucks(2020)|Mid-Term Bump|5.80% Cap
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront Retail/Residential
TOTAL BUILDING SIZE
2000
STORIES
1
YEAR BUILT
2020
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-1-00840000
