2018 3rd Ave
Huntington, WV 25703
TERRALEAF · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease –With close to 10 Years remaining on base term and 2, 5-Year Renewal Options
- High Foot Traffic – The 3rd Ave strip contains several restaurants, bars, and other recreational activities within the immediate vicinity
- Attractive Rental Increases – 2% Annually after year 5, providing investors with a hedge against inflation
- College Campus – Property is located across the street from Joan C. Edwards Stadium & Marshall University Campus. (+12,000 Students)
- Strong Retail Synergy – Surrounded by some of the nation’s largest retailers (Starbucks, Dunkin’ McDonald’s, Domino’s Pizza, CVS, Arby's, and more)
- TerraLeaf Education Center – is the first and only cannabis education center to open in the state of West Virginia
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
11,400 SF
Building Class
B
Year Built/Renovated
1980/2021
Tenancy
Single
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.27 AC
Zoning
Commercial - Commercial
Parking
15 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
65’ on 3rd Ave
PROPERTY TAXES
| Parcel Number | 05-9-00770000 | Improvements Assessment | $119,100 |
| Land Assessment | $35,400 | Total Assessment | $154,500 |
