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100 Hornbeck Road, Morgantown, WV 26508
Multi-tenant retail center anchored by Dollar Tree and WVU Healthcare with a diverse lineup of national and regional tenants.
Property Size24,416 SF
Lot Size1.20 Acres
Price / SF$237.55
Days on Market189
Property Features for 100 Hornbeck Road
General Information
Standard status
Active
Size
24,416 SF
Lot size
1.20 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$453,866
Site & Location
Anchor Co-Tenants
Dollar Tree, WVU Healthcare
Traffic Count
46,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Morgan Hall · License #NC 303815
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 14 at 11:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
Shopper’s World is a 24,416-square-foot community shopping center built in 2008 on approximately 1.20 acres. The property is fully leased and includes Dollar Tree, WVU Healthcare, GameStop, Sally Beauty, Sprint, Regis Salon, Mariachi Loco, and Q-Nails & Spa. National and regional tenants account for 90% of the income stream.
The center is positioned at the intersection of Interstate 68 and Route 119 in Morgantown, with four means of ingress and egress and average daily traffic exceeding 46,000 VPD. The property is 4.4 miles south of West Virginia University and 7.4 miles southeast of J.W. Ruby Memorial Hospital, the university’s 690-bed academic medical center. Morgantown is also connected to the broader region through I-79 and I-68, with Pittsburgh approximately 75 miles northeast and Charleston, WV approximately 156 miles southwest.
The center is positioned at the intersection of Interstate 68 and Route 119 in Morgantown, with four means of ingress and egress and average daily traffic exceeding 46,000 VPD. The property is 4.4 miles south of West Virginia University and 7.4 miles southeast of J.W. Ruby Memorial Hospital, the university’s 690-bed academic medical center. Morgantown is also connected to the broader region through I-79 and I-68, with Pittsburgh approximately 75 miles northeast and Charleston, WV approximately 156 miles southwest.
Key Highlights
- 24,416‑square‑foot shopping center on approximately 1.20 acres
- Built in 2008 and 100% leased
- Dollar Tree and WVU Healthcare anchor the tenant lineup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,731
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,614,620
$4.6M
Cap Rate 7%
$3,296,157
$3.3M
Cap Rate 9%
$2,563,678
$2.6M
Market Conditions
NOI Build-Up for 24,416 SF
Gross rent
$366.2K $15.00/SF
− Vacancy
−$36.6K −$1.50/SF
EGI
$329.6K $13.50/SF
− OpEx
−$98.9K −$4.05/SF
NOI
$230.7K $9.45/SF
Area
Monongalia County, WV
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,614,620
Cap Rate 7%
$3,296,157
Cap Rate 9%
$2,563,678
Alternative Uses
Best Use
Retail
$3.30M
$2.88M – $3.85M
NOI $230,731 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.04M
$6.16M – $8.21M
NOI $492,719 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
46,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26508, WV
36,907
Population
16,829
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
123.1 sq mi
ZIP Area
300
Density / Sq Mi
$83,247
Median Household Income
$51,072
Median Earnings
$984
Median Rent
$287,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center anchored by Dollar Tree and WVU Healthcare with a diverse lineup of national and regional tenants.
Where is this shopping center located?
The property is located at 100 Hornbeck Road Morgantown, WV.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 24,416‑square‑foot shopping center on approximately 1.20 acres; Built in 2008 and 100% leased; Dollar Tree and WVU Healthcare anchor the tenant lineup
