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Huddle House | Moundsville, WV

$835,714

407 Lafayette Avenue, Moundsville, WV 26041

Pending
Last Updated: 12/20/2021

7

Cap Rate

58,500

NOI

Details:
Cap Rate:    7%
NOI:    $58,500
Building Size:    2,328 sqft
Lot Area:    1 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2008
Price Per Sqft:    $358.55
Gross Leaseable Area:    2,328
Lease Expire Year:    03/01/2033
Highlights:
  • Absolute-Net Lease | Over 12-Years Remaining | Three-(3), 5-Year Options
  • Located off Lafayette Ave with 18,700+ VPD and Near Jefferson Ave with 14,600+ VPD
  • Situated Near Several Traffic Drivers: Multiple Schools with 1,500+ Total Students
  • Within Proximity to Multiple Walmart Supercenter, Autozone, Dollar Tree, McDonald’s, & More...
  • Strong Demographics | 25,600+ Residents | 10,900+ Households | AHHI of $63,400+ | Within 5-Miles
Description:

Marcus & Millichap is pleased to present the Huddle House is located at 407 Lafayette Avenue in Moundsville, WV. The property consists of an approximately 2,328-square foot building and is situated on 1.0± acres.

The Huddle House currently has 17-years remaining on a new Absolute-net lease. The current annual rent is $58,500. The Lease is equipped with three, five-year options.

The property is located on Lafayette Avenue with over 15,800 vehicles per day and is near Jefferson Avenue with 13,400 vehicles per day. There are multiple schools in the area, including with a combined total enrollment over 1,500. The property is located on the main retail corridor in Moundsville with multiple national tenants including: Walmart Supercenter, Autozone, Dollar Tree, McDonald’s, and more. Within a five-mile radius there is are over 26,100 Residents, with Average Household Incomes over $56,500 and over 23,500 Employees.

Map:
Documents:
Title
Huddle_House_-_Moundsville__WV_OM_2021.pdf
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Location
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