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5465 Big Tyler Rd 1,350 SF Retail Building Cross Lanes, WV 25313 $1,929,000 ($1,428.89/SF) 7% Cap Rate
Investment Highlights
- Located along Big Tyler Road, a well-traveled corridor in Cross Lanes with strong visibility and accessibility.
- Approximately 18 miles from West Virginia International Yeager Airport, offering regional connectivity.
- Lot size and configuration allow for on-site parking and potential for redevelopment or expansion.
- Positioned within the Charleston, WV metro area, providing access to a population of over 50,000 within a 5-mile radius.
- Surrounding area includes retail, dining, and service businesses, creating a supportive commercial environment.
- Situated in Kanawha County with proximity to major highways serving the Charleston region.
Executive Summary
The Premises is leased to Strickland Brothers for a 15 year initial term, with four (4) - five (5) year options. The Asset is well positioned directly off of Big Tyler Rd and is located just north of the capital city Charleston, WV.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,350 SF
Building Class
B
Year Built
1964
Price
$1,929,000
Price Per SF
$1,428.89
Cap Rate
7%
NOI
$135,030
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.70 AC
Parking
5 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-22E-00640000 | Improvements Assessment | $98,880 |
| Land Assessment | $87,480 | Total Assessment | $186,360 |
Property Taxes
Parcel Number
25-22E-00640000
Land Assessment
$87,480
Improvements Assessment
$98,880
Total Assessment
$186,360
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5465 Big Tyler Rd
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