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700 Northside Dr 11,945 SF Retail Building Summersville, WV 26651 $4,370,338 CAD ($365.87 CAD/SF) 7% Cap Rate
Executive Summary
Passive Income —- Double Net (NN) Leased CVS With Minimal Responsibilities Located at the Heavily Trafficked Signalized Intersection of Northside Drive and U.S. 19 with More Than 18,500 Vehicles Passing Daily
Lease Term —- Lease Features Nearly 9 Years Remaining on the Base Term and 5 Percent Rent Increases in Each Option as a Hedge Against Inflation
Limited Competition —- This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability
Retail and Professional Corridor —- Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation’s Most Successful Retailers Including Walmart, Lowe’s, Sheetz, Wendy’s, KFC, Starbucks, Taco Bell, Advance Auto, and Many More
Medical Synergies —- Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base
Hotel Hub —- Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn
Lease Term —- Lease Features Nearly 9 Years Remaining on the Base Term and 5 Percent Rent Increases in Each Option as a Hedge Against Inflation
Limited Competition —- This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability
Retail and Professional Corridor —- Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation’s Most Successful Retailers Including Walmart, Lowe’s, Sheetz, Wendy’s, KFC, Starbucks, Taco Bell, Advance Auto, and Many More
Medical Synergies —- Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base
Hotel Hub —- Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
C
Year Built
2009
Price
$4,370,338 CAD
Price Per SF
$365.87 CAD
Cap Rate
7%
NOI
$305,924 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.07 AC
Opportunity Zone
Yes
Parking
65 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
175’ on Northside Dr
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-33-00010000 | Improvements Assessment | $1,193,163 CAD |
| Land Assessment | $233,690 CAD | Total Assessment | $1,426,854 CAD |
Property Taxes
Parcel Number
08-33-00010000
Land Assessment
$233,690 CAD
Improvements Assessment
$1,193,163 CAD
Total Assessment
$1,426,854 CAD
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700 Northside Dr
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