Par Mar Stores / BP Gas Station5114 Elk River Rd 3,300 SFRetail BuildingElkview, WV 25071$2,000,000 ($606/SF)4.38% Cap Rate

5114-Elk-River-Rd-Elkview-WV-Photo-1-Large

INVESTMENT HIGHLIGHTS

  • 10-Year lease signed in 2021 with annual increases
  • Outside city limits with no B&O Tax or city user fees
  • New gas tanks installed in 2021
  • Three 5-year option to renwew
  • Property remodeled in 2021
  • Located 1.5 miles from new Herbert Hoover High School

EXECUTIVE SUMMARY

Realcorp is pleased to present the exclusive listing for Par Mar Stores / BP Gas Station located on 5114 Elk River Rd, Elkview WV 25071. The property consists of approximately 3,300 SF situated on 0.3 acres (+/-) of land outside Charleston City Limits. The property is outside the City B&O Tax and City User Fees. Par Mar Stores is subject to a 10 year NNN lease which commenced in 2021. The lease has built in annual rent increases. Par Mar Stores has three 5-Year options to renew the lease. The property has been remodeled and the underground gas tanks replaced in 2021. Par Mar Stores is a rapidly growing company with more then 200 stores in four states. Subject property is located 1.5 miles from new constructed Herbert Hoover High School, 11 Miles from Charleston's Yeager Airport, and 15 miles from Charleston's Central Business District (CBD). Disclaimer: All information provided about the property, including but not limited to square footage and outside reports, has been provided by the landlord and is deemed reliable but is not guaranteed and is the sole responsibility to be independently verified by purchaser.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built/Renovated
1986/2021
Price
$2,000,000
Price Per SF
$606
Cap Rate
4.38%
NOI
$87,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
0.30 AC
Zoning
Out of City Limits
Parking
10 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
116 FT on Elk River Rd

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Air Conditioning

airplane iconAIRPORT

Yeager Airport
20 min drive 10.6 mi

PROPERTY TAXES

Walk Score

Property Type

Sold

Status

Available

Listing Agent

Val Young - Realcorp, LLC.

Email

vyoung@Realcorpinc.com

Phone

(304) 382-1031