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80 Monco St
Morgantown, WV 26501
Sleep Outfitters · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Long Lease Term
- Minimal Landlord Responsibilites
- Attractive Rent Increases
- Strategic Retail Location
EXECUTIVE SUMMARY
We are pleased to present the exclusive opportunity to purchase the fee-simple interest in the single-tenant, Sleep Outfitters located at 80 Monco Street in Morgantown, West Virginia (the “Property”). The Property was constructed in 2017, and Sleep Outfitters just extended their lease, demonstrating their commitment to the site and the market. Sleep Outfitters has 5 years remaining on their lease with two (2), 5-year renewal options. Sleep Outfitters’ lease calls for attractive increases at the start of each renewal option providing for fixed increases in revenue. The Property is strategically located within University Town Center, a 500,000+ square foot retail development, at the intersection of Sam’s Club Way and University Town Centre Drive. The Property enjoys excellent frontage and visibility, is shadow anchored by Target, adjacent to Sam’s Club, and is surrounded by national retailers and businesses that drive significant traffic to the area including Walmart Supercenter and Giant Eagle. The Property is seconds from Interstate 79 and US Route 19, less than 2.5 miles from West Virginia University boasting a Student Enrollment of more than 25,000, and 4 miles from Ruby Memorial Hospital, a 500,000 SF Medical Center constructed in 2022 with approximately 14,000 Employees.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Year Built
2017
Price
$2,979,310
Price Per SF
$744.83
Cap Rate
7.25%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.47 AC
PROPERTY TAXES
| Parcel Number | 06-8-00010013 | Improvements Assessment | $1,466,640 |
| Land Assessment | $1,503,900 | Total Assessment | $2,970,540 |
PROPERTY TAXES
Parcel Number
06-8-00010013
Land Assessment
$1,503,900
Improvements Assessment
$1,466,640
Total Assessment
$2,970,540
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