649 Carolina Ave - Storefront Retail/Residential FOR SALE


Chester, WV 26034
$2,242,224 USD
513-300-0763
649 Carolina Ave, Chester, WV for Sale
$2,242,224 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 6.25% Cap Rate

649 Carolina Ave
Chester, WV 26034


HIGHLIGHTS

  • Established Retail Corridor
  • Growing 3-Mile Population Base
  • Stable Household Density
  • Accessible Tri-State Positioning

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Wendy's located at 649 Carolina Avenue, Chester, WV 26034. The site consists of roughly 2,215 rentable square feet of building space on an estimated .78-acre parcel of land. Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 4.1.2024 and expires on 12.29.2048. The current annual rent is $140,139 and has scheduled increases of 1.75% Annually.

FOR SALE DETAILS

PRICE

$2,242,224 USD

PRICE/SF

$1,401 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

Commercial

APN/PARCEL ID

02-CH7C-00620000,02-CH7C-00660000

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.