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614 Virginia St W
Charleston, WV 25302
NAPA Auto Parts | Corporate "BBB" Rating · Retail Property For Sale
Investment Highlights
- 17,850 Square Foot Napa Auto Parts (NYSE: GPC) in Charleston, WV
- Lease Guaranty with Napa Parent Company Genuine Parts Company (NYSE: GPC) | “BBB” Investment Grade Credit Rating | Ranked #173 on Fortune 500
- Minimal Landlord Responsibilities | Tenant Responsible for All Common Area Maintenance, Real Estate Taxes and Insurance
- Very Low Rent of $4.00/SF | Low Sale Price of $50/SF
- Operating Successfully at This Location for Over 20 Years | Tenant Has Renewed Their Lease Multiple Times
- Rental Increase in 2022 Increases Cap Rate 16 Basis Points for Last Three Years of the Base Term
Property Facts
Property Type
Retail
Property Subtype
Building Size
17,850 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.52 AC
Parking
14 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
151’ on Virginia St W St W
Amenities
- Bus Line
Property Taxes
| Parcel Numbers | Improvements Assessment | $218,650 | |
| Land Assessment | $129,000 | Total Assessment | $347,650 |
Property Taxes
Parcel Numbers
Land Assessment
$129,000
Improvements Assessment
$218,650
Total Assessment
$347,650
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