NNN Portfolio with Long-Term
For Sale
Contact for pricing
1505 Lafayette Avenue, Moundsville, WV 26038
Seven operating locations span connected communities in West Virginia and eastern Ohio.
Property Size24,037 SF
Price / SF$606.21
Days on Market23
Property Features for 1505 Lafayette Avenue
General Information
Standard status
Active
Size
24,037 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$1,020,000
Additional Details
Highway Access
Yes
Building Details
Buildings
7
Units
7
Tenancy
Single
Listing Agency:
Wertz Real Estate Investment
Listed By:
John Wertz · License #CA 01448585
(619) 218-6427
Source:
Crexi
Added: Aug 11
Changed: Sep 1
Last Checked: Sep 1 at 9:33PM
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 Wertz Real Estate Investment
Investment Insights
Based on property information with market context.
This portfolio comprises seven Gumby’s and Geno’s operating locations across Weirton, Chester, Wheeling, Moundsville, and Bellaire. The properties are leased under new 10-year absolute NNN agreements, with 7.5% rent increases scheduled every five years during the initial term and each of four 5-year option periods. The structure provides up to 30 years of potential lease duration across the portfolio.
The locations form a concentrated footprint around Wheeling and extend through connected communities along the Ohio River. Sites occupy established commercial corridors with access to the highway network serving West Virginia and eastern Ohio, including Interstate 70. Individual 5-mile trade areas reach approximately 53,478 residents and average household incomes of approximately $74,671. The surrounding economy includes healthcare, education, manufacturing, energy, logistics, government services, and industrial activity.
The locations form a concentrated footprint around Wheeling and extend through connected communities along the Ohio River. Sites occupy established commercial corridors with access to the highway network serving West Virginia and eastern Ohio, including Interstate 70. Individual 5-mile trade areas reach approximately 53,478 residents and average household incomes of approximately $74,671. The surrounding economy includes healthcare, education, manufacturing, energy, logistics, government services, and industrial activity.
Key Highlights
- Seven‑property portfolio with locations in Weirton, Chester, Wheeling, Moundsville, and Bellaire
- New 10‑year absolute NNN leases across the portfolio
- 7.5% rent increases every five years during the initial term and four 5‑year option periods
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 26%
Superstores 24%
Electronics 7%
Kroger
Groceries
30,302 visits/mo
0.5 miles
Kroger Fuel Center
Shops & Services
19,560 visits/mo
0.3 miles
Big Lots
Superstores
19,183 visits/mo
0.5 miles
GameStop
Electronics
5,386 visits/mo
0.5 miles
Holiday Inn Express
Hotels & Casinos
2,140 visits/mo
0.4 miles
Demographics for 26038, WV
2,793
Population
1,269
Households
2.2
Avg Household Size
49
Median Age
40%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
458
Density / Sq Mi
$88,409
Median Household Income
$52,672
Median Earnings
$907
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Seven operating locations span connected communities in West Virginia and eastern Ohio.
Where is this nnn property located?
The property is located at 1505 Lafayette Avenue Moundsville, WV.
What is the asking price?
The asking price for this property is $14,571,428.
What are key features of this property?
This property features: Seven‑property portfolio with locations in Weirton, Chester, Wheeling, Moundsville, and Bellaire; New 10‑year absolute NNN leases across the portfolio; 7.5% rent increases every five years during the initial term and four 5‑year option periods
