Gumby's & Geno’s - WV & OH 7 Retail Properties Offered at $20,302,516 CAD in Multiple Locations

The subject offering consists of seven Gumby’s and Geno’s properties strategically located throughout the Northern Panhandle of West Virginia and eastern Ohio. The portfolio includes locations in Weirton, Chester, Wheeling, Moundsville and Bellaire, with two properties each in Wheeling and Moundsville. Each property is subject to a new 10-year absolute NNN lease featuring 10% rental increases every five years during the initial term and throughout the four 5-year option periods.
This lease structure provides investors with scheduled rental growth and up to 30 years of potential lease term across seven established operating locations. Centered around Wheeling, the portfolio benefits from a geographically concentrated footprint spanning connected communities along the Ohio River. Wheeling serves as the region’s principal commercial, employment, healthcare and retail center and is strategically positioned along Interstate 70, a major east-west transportation corridor connecting the area with Pittsburgh, Columbus and surrounding regional markets. The portfolio’s locations are positioned along established commercial corridors and benefit from convenient access to the highway network connecting West Virginia and eastern Ohio.