For Sale
$1,055,000

868 National RdWheeling, WV 26003

High-Cap Rate Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents an 8,758 square foot auto shop located at 868 National Road, Wheeling, West Virginia, 26003. The property sits on a 0.33-acre lot with excellent visibility due to its National Road frontage and convenient access directly off Interstate 70. Currently operating under a Net Lease agreement with a national tenant, the lease expires November 30, 2028, providing a remaining term of approximately four years. The property boasts a strong Net Operating Income (NOI) of $73,926, resulting in an attractive 7.00% capitalization rate. The asking price is $1,055,000. This is an absolute NNN lease, minimizing landlord responsibilities. The high barriers to entry for similar developments in this location further enhance the investment's long-term value and stability. This is a rare opportunity to acquire a well-positioned, income-producing asset with a strong tenant and a desirable cap rate in a strategic location. The property's high visibility and convenient access to major transportation routes make it an ideal investment for discerning buyers seeking a stable, long-term return. This is a turnkey investment opportunity with minimal management requirements.

Highlights

  • 8,758 SF auto shop on 0.33-acre lot at 868 National Road, Wheeling, WV 26003.
  • Excellent visibility & I-70 access.
  • NNN lease with national tenant expiring 11/30/2028 (approx. 4 years remaining).
  • $73,926 NOI, 7.00% cap rate, $1,055,000 asking price.
  • High barriers to entry for similar developments.

Property Details for 868 National Rd

Property type
Retail properties, Auto shops
Square Feet
8,758 SF
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Wheeling
County
Ohio
State
West Virginia
Latitude
40.076867940656
Longitude
-80.694523074263
868 National Rd, Wheeling, West Virginia

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868 National Rd
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