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Dollar Tree Anchored Center
248 Super Wal-Mart Dr., Kingwood, WV 26537
Last Verified 11/9/2009
Listing ID 16383272
Highlights
Wal-Mart Supercenter shadow anchored- Brand new "Class A" shopping center
- 100% occupied by national credit tenants
- Below market rents
- Tenants reimburse for all expenses including management fee
- Very little management required
Description
Brand new 100% occupied double net leased shopping center shadow anchored by a new Wal-Mart Supercenter. It is 100% leased to national credit tenants; construction completed on 7/16/2009. All rents have commenced with brand new 5 year lease terms at below market rents offering future upside. The tenants reimburse all expenses including a built-in management fee although the investment requires very little management. The site is located at a signalized intersection on Kingwood's main retail corridor.
The area benefits greatly from being part of the Morgantown, WV MSA and Pittsburgh, PA (DMA). Morgantown is home to WVU and has been featured recently on CNN for its continued growth during the recession and its extremely low unemployment rate of 3.9%. Kingwood also benefits from being home to one of the country' s premier homeland security training facilities in the nation; Camp Dawson Military Base. It will be the site for the country' s first comprehensive homeland defense facility. It will serve not only the National Guard, but also the training needs of other federal agencies such as the Department of Homeland Security and the Department of Defense.
Located at a signalized intersection
Morgantown MSA
Signalized intersection on city's main retail corridor
Actual
$196,994
| Tenant | SF Occupied | Lease Expired | |
|---|
| Dollar Tree | 8,000 | 2/1/2014 | |
| Rent-a-Center | 4,638 | 9/1/2014 | |
| GameStop | 1,400 | 3/1/2014 | |
| U.S. Cellular | 1,000 | 3/1/2014 | |
| Subway | 1,400 | 3/1/2014 | |
Map of 248 Super Wal-Mart Dr., Kingwood, WV 26537 (Preston County)
Created 9/4/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.