301 Merchants Walk | Summersville, WV 26651
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- LoopNet Team
301 Merchants Walk
Summersville, WV 26651
New Starbucks(2020)|Mid-Term Bump|5.80% Cap · Retail Property For Sale
Investment Highlights
- Corporately-Backed, New 2020 Construction (Projected Opening: November) Location for High-Profile, Publicly Traded Starbucks
- World Dominant Coffee Shop: Over 32,000 Locations Worldwide and Reports Revenues of $26.5 Billion
- Minimal Mgmt. for an Out-of-State, Passive Investor: Single-Tenant + New Build
- Next Closest Starbucks Location is Over 35 Miles Away
- Extremely Stable Tenant on a New 10-Year Lease with Mid-Term Rental Increase and 4, 5-Year Options
- Strategically Positioned as an Outlot to Merchants Walk Shopping Center, Anchored by Big Lots and Dollar Tree & Adjacent to Walmart
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Zoning
Retail
Property Taxes
| Parcel Number | 08-1-00840000 | Improvements Assessment | $2,243,340 |
| Land Assessment | $1,544,040 | Total Assessment | $3,787,380 |
Property Taxes
Parcel Number
08-1-00840000
Land Assessment
$1,544,040
Improvements Assessment
$2,243,340
Total Assessment
$3,787,380
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