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7364 Martinsburg Pike 2,500 SF Retail Building Shepherdstown, WV 25443 $3,953,714 ($1,581.49/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Long Term, Absolute Triple Net (NNN) Lease
- Qualifies for Bonus Depreciation
- Proximity to Academic Institutions
EXECUTIVE SUMMARY
Bang Realty is pleased to present the exclusive listing for a 7-Eleven located at 7364 Martinsburg Pike, Shepherdstown, WV 25443. The site consists of roughly 2,500 rentable square feet of building space on an estimated 0.91-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 1/4/2021. The current annual rent is $207,570* and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
1980
Price
$3,953,714
Price Per SF
$1,581.49
Cap Rate
5.25%
NOI
$207,570
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Zoning
GC
Parking
9 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
219’ on Martinburg Pike
AMENITIES
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-7B-00970000 | Improvements Assessment | $85,600 |
| Land Assessment | $222,100 | Total Assessment | $307,700 |
PROPERTY TAXES
Parcel Number
09-7B-00970000
Land Assessment
$222,100
Improvements Assessment
$85,600
Total Assessment
$307,700
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7364 Martinsburg Pike
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