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80 Skyline Plaza Dr, Buckhannon, WV, 26201

Skyline Plaza

$4,150,000

Key Information

Cap Rate
6%
Tot. SF
72,935
Lot Size
5.98 Acres
Units
7
Year Built
1975
Type
Shopping Centers
Occupancy
74.09%
NOI
$250,013

Highlights

• The site totals ±72,935 square feet and consists of a diverse e-commerce resistant tenant lineup comprised of retail, service, and fitness tenants, creating a stabilized income stream for a new investor.
• Immediate upside through lease up of ±20,000 SF vacancy.
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.
• The asset is located along State Highway 20, an arterial thoroughfare that serves over ±16,500 vehicles per day.
• The site also benefits from nearby access to U.S. Highway 33 (±14,000 VPD), making this an ideal centralized location with easy commutes.
• The subject is ideally positioned less than 2 miles south of West Virginia Wesleyan College (1,066 students), further increasing consumer traffic to the subject trade area.
• The asset is within close proximity of multiple national/credit tenants including Walmart Supercenter, Lowes, Tractor Supply, Harbor Freight, Walgreens, Goodwill, and more.
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site.
• The site benefits from excellent visibility via a large pylon sign along State Highway 20 (±16,500 VPD).
• Nearly 15,000 residents and 8,000 employees support the trade area.
• Residents within a 1-mile radius earn an average household income of $89,364.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # WVB250301071, WVB250301071 (WV)
Matthews Real Estate Investment Services of WV, LLC
300 Wharton Circle, 2nd Floor, Triadelphia, WV 26059