For Sale
$1,654,200

3558 Main StWeirton, WV 26062

High-yield, net-leased retail property.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 13,500-square-foot, single-tenant retail property located at 3558 Main St, Weirton, WV 26062. The property, built in 1970 and extensively renovated in 2023, boasts a prime location with approximately 20,000 vehicles passing daily. Currently occupied by Dollar Tree under a 10-year net lease (NN+) agreement commencing October 31, 2023, and expiring October 31, 2033, with four 5-year renewal options. The lease includes 5% rent bumps every five years, starting in year 11. The property features 50 parking spaces and sits on a 51,400-square-foot lot, zoned C-3 Mixed Commercial/Professional High Density. The asking price is $1,654,200, representing a 7.50% cap rate and a price per square foot of $122.53. The property's strong NOI of $124,065 reflects the stability of the Dollar Tree tenant, backed by a corporate guarantee from a $33.6B company. The property benefits from its proximity to US-22, WV Route 2, and the Ohio River scenic byway, serving a dense population of over 24,000 within a 3-mile radius. Furthermore, significant local economic development, including a $150 million investment by Cleveland-Cliffs, promises continued growth in the area. The property is surrounded by a variety of national and local retailers, further enhancing its visibility and appeal. This is a rare opportunity to acquire a high-performing, net-leased retail asset with significant upside potential.

Highlights

  • High-traffic Main Street location with ±20,000 vehicles daily.
  • Rent escalations of 5% every five years, commencing in year 11.
  • Excellent access to US-22, WV Route 2, and the Ohio River Scenic Byway.
  • Strong, essential retail tenant providing economic stability.
  • Brand new construction; grand opening October 2023.
  • Corporate guarantee from a $33.6B company (Dollar General).

Property Details for 3558 Main St

Property type
Lifestyle centers, Power centers
Square Feet
13,500 SF
Year Built/Renovated
1970/2023
Buildings
1
Stories
1
Units
1

Location Insight

City
Weirton
County
Hancock
State
West Virginia
Latitude
40.39928187
Longitude
-80.59076208
3558 Main St, Weirton, West Virginia

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3558 Main St
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