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7-Property Net Lease Portfolio WV & OH 3 Retail Properties Offered at $20,302,516 CAD in Multiple Locations



Investment Highlights
- New 10-Year Absolute NNN Leases Across All Seven Properties
- Traffic Counts Exceeding 26,000 Vehicles Per Day at Select Locations
- Concentrated footprint supports operational efficiency and market coverage.
- 10% Rental Increases Every 5 Years and in All (4) 5-Year Option Periods
- Portfolio spans established Ohio Valley communities in two states.
Executive Summary
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.
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.
Property Facts
| Price | $20,302,516 CAD | Number of Properties | 3 |
| Price / SF | $2,175 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 9,334 SF |
| Sale Type | Investment NNN | Total Land Area | 4.18 AC |
| Status | Active |
| Price | $20,302,516 CAD |
| Price / SF | $2,175 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,334 SF |
| Total Land Area | 4.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Gumby’s
2300 Belmont St, Bellaire, OH 43906 |
Retail | 1,754 SF | 1997 | - |
|
Gumby’s & Geno’s
2363 Lincoln Hwy, Chester, WV 26034 |
Retail | 3,080 SF | 2004 | - |
|
Gumby’s & Papa Johns
4052 Washington St, Weirton, WV 26062 |
Retail | 4,500 SF | - | - |
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7-Property Net Lease Portfolio WV & OH
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