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Wendy's 649 Carolina Ave 2,215 SF 100% Leased Retail Building Chester, WV 26034 $2,242,224 ($1,012.29/SF) 6.25% Cap Rate
Investment Highlights
- Established Retail Corridor
- Stable Household Density
- Growing 3-Mile Population Base
- Accessible Tri-State Positioning
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Wendy's located at 649 Carolina Avenue, Chester, WV 26034. The site consists of roughly 2,215 rentable square feet of
building space on an estimated .78-acre parcel of land. Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 4.1.2024 and expires on 12.29.2048. The current annual rent is $140,139 and has scheduled increases of 1.75% Annually.
building space on an estimated .78-acre parcel of land. Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 4.1.2024 and expires on 12.29.2048. The current annual rent is $140,139 and has scheduled increases of 1.75% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,215 SF
Building Class
C
Year Built
1910
Price
$2,242,224
Price Per SF
$1,012.29
Cap Rate
6.25%
NOI
$140,139
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.07
Lot Size
0.78 AC
Zoning
Commercial
Frontage
40’ on Carolina Ave
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,060 | |
| Land Assessment | $94,560 | Total Assessment | $118,620 |
Property Taxes
Parcel Numbers
Land Assessment
$94,560
Improvements Assessment
$24,060
Total Assessment
$118,620
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Wendy's | 649 Carolina Ave
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