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7364 Martinsburg Pike 2,500 SF Retail Building Shepherdstown, WV 25443 $5,473,561 CAD ($2,189.42 CAD/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
$5,473,561 CAD
Price Per SF
$2,189.42 CAD
Cap Rate
5.25%
NOI
$287,362 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Zoning
GC - General Commercial
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 | $117,417 CAD |
| Land Assessment | $304,652 CAD | Total Assessment | $422,069 CAD |
PROPERTY TAXES
Parcel Number
09-7B-00970000
Land Assessment
$304,652 CAD
Improvements Assessment
$117,417 CAD
Total Assessment
$422,069 CAD
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7364 Martinsburg Pike
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