Log In/Sign Up
Your email has been sent.
1109 Van Voorhis Rd
Morgantown, WV 26505
705 Suncrest / Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Starbucks includes a Drive Thru
- 40,037 cars per day & across from hospital & University campuses
- One Mile Household Income $78,960
- Located 1 mile from the West Virginia University’s main campus
- Five Mile Population 78,242 and growing
- Site is heavily utilized by doctors & patients of WVU & Healthcare Ruby
EXECUTIVE SUMMARY
Bang Realty is pleased to present this 4,000 SF building where Starbucks with a drivethru
and Radiological Physician Associates are tenants. It is located in Morgantown,
West Virginia - the largest city in North-Central West Virginia. Starbucks operates under
a 10 year NN Lease with four (5 year) options to renew - each with a rent increase of
$1.50 psf. They also rent out a small storage space on the 2nd floor. The 2nd floor also
holds 1,640 SF of vacant space providing upside potential with additional leasing
efforts. Market rents are projected at $1,650 - $1,750/month. The building was
constructed in 2004 and Starbucks has been a strong operating tenant since that time.
This Starbucks site benefits from having drive-thru and excellent visibility as it is
located on Van Voorhis Road which sees 40,037 cars per day and is directly across from
the University of West Virginia's School of Medicine and the J.W. Ruby Memorial
Hospital. Just 1 mile from the site sits the University of West Virginia's main campus
with nearly 30,000 students. The five mile population from the site is 78,242. The one
mile household income is $78,960. This is a prime location considering all of the activity
due to the proximity to the University of WV and the various hospitals and medical
offices in the direct vicinity of the store. Starbucks is one of the world’s largest quick
service food chains with nearly 33,000 stores in 76 countries.
and Radiological Physician Associates are tenants. It is located in Morgantown,
West Virginia - the largest city in North-Central West Virginia. Starbucks operates under
a 10 year NN Lease with four (5 year) options to renew - each with a rent increase of
$1.50 psf. They also rent out a small storage space on the 2nd floor. The 2nd floor also
holds 1,640 SF of vacant space providing upside potential with additional leasing
efforts. Market rents are projected at $1,650 - $1,750/month. The building was
constructed in 2004 and Starbucks has been a strong operating tenant since that time.
This Starbucks site benefits from having drive-thru and excellent visibility as it is
located on Van Voorhis Road which sees 40,037 cars per day and is directly across from
the University of West Virginia's School of Medicine and the J.W. Ruby Memorial
Hospital. Just 1 mile from the site sits the University of West Virginia's main campus
with nearly 30,000 students. The five mile population from the site is 78,242. The one
mile household income is $78,960. This is a prime location considering all of the activity
due to the proximity to the University of WV and the various hospitals and medical
offices in the direct vicinity of the store. Starbucks is one of the world’s largest quick
service food chains with nearly 33,000 stores in 76 countries.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,000 SF
Building Class
B
Year Built
2004
Price
$1,325,000
Price Per SF
$331.25
Cap Rate
6.05%
NOI
$80,219
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.37 AC
Zoning
Commercial - Commercial Zoning.
PROPERTY TAXES
| Parcel Number | 15-6-00730000 | Improvements Assessment | $137,760 |
| Land Assessment | $119,760 | Total Assessment | $257,520 |
PROPERTY TAXES
Parcel Number
15-6-00730000
Land Assessment
$119,760
Improvements Assessment
$137,760
Total Assessment
$257,520
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
