606 3rd Ave - Restaurant FOR SALE


Huntington, WV 25701
$2,426,000 USD
513-300-0763
606 3rd Ave, Huntington, WV for Sale
$2,426,000 USD
Restaurant - FOR SALE
1/6
null | 6.65% Cap Rate

606 3rd Ave
Huntington, WV 25701


HIGHLIGHTS

  • 17+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the5th lease year (May 1, 2027)!
  • Successfully open & operating for decades and conveniently located about 1 mile from Marshall University - a public research university serving 10,307
  • Well-positioned on a ±0.77-acre lot with exceptional visibility/access on 3rd Ave, conveniently located just east of WV 527, south of US 60
  • 2025 DEMOGRAPHICS: Total Population (5MI): 62,883 | Average Household Income (1MI): $77,396

OVERVIEW

Bob Evans has 17+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)! The Tenant, Bob Evans Restaurants, LLC operates ±420 locations in Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia & West Virginia. Successfully open & operating for decades and conveniently located about 1 mile from Marshall University - a public research university serving 10,307 students! The Asset is Well-positioned on a ±0.77-acre lot with exceptional visibility/access on 3rd Ave, conveniently located just east of WV 527, south of US 60 with traffic counts of 28,632 CPD! Retailers in Huntington & surrounding area include Walmart, Sam’s Club, Lowe’s Home Improvement, Gabe’s, Kroger, Save A Lot, Dollar General, Dollar Tree, Family Dollar, O’Reilly Auto Parts, NAPA, AutoZone, CVS, Goodwill, Habitat for Humanity, Marquee Cinemas. Marshall Health Network Arena (7,500- seat premier arena & newly renovated convention center) sits in the heart of the Jewel City and for over 40 years has been drawing community members from all around the tri-state area to attend concerts, family shows, athletic competitions, professional conferences and experience the charm of the city year-round. It is 2 miles from Cabell Huntington Hospital - a 303-bed teaching hospital & regional referral center that also houses the 72-bed Hoops Family Children’s Hospital within its facility, serving as an academic medical center for Marshall University; 31/2 miles from St. Mary’s Medical Center - Huntington’s largest hospital and a leading West Virginia healthcare provider, employing over 2,600 people and offering 413 beds with advanced, compassionate care across major specialties including cardiac, cancer, trauma, neuroscience, and orthopedics.

FOR SALE DETAILS

PRICE

$2,426,000 USD

PRICE/SF

$430 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

07-17-00420000

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 Notice.