511 Kanawha Ave Rainelle, WV 25962

Listing agency NAI KLNB (Tysons, VA)

Listed by Ernie Hueter · License #WV 0026328

Source Crexi

Added: Apr 11 Updated: Jul 21 at 3:39AM Checked: Jul 21 at 3:39AM

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Investment Insights

Based on property information with market context.

This is a single-tenant auto parts retail property operated by Advance Auto Parts, with more than 25 years of operating history at the location. The tenant has a recently signed extension through December 2030, with 8+ years remaining under the current corporate signed lease and two (5-year) options to extend.

The property fronts Kanawha Avenue and is located across from Park Center, an approximately 80,000 SF Kroger-anchored shopping center. The asset benefits from significant street frontage and multiple points of access.

The lease is structured as NN with fee simple ownership. Tenant pays a pro rata share of taxes, insurance, and real estate taxes as additional rent. Landlord responsibilities include roof, structure, utility systems, and CAM, with CAM reimbursed by the tenant.

Key Highlights

• Advance Auto Parts operating 25+ years at the location with a recent lease extension through December 2030
• 8+ years remaining on a corporate‑signed NN lease with two (5‑year) options to extend
• Scheduled rental increases at the beginning of each option

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FAQs

What type of property is this?

Auto shop - Single-tenant auto parts retail property with long-term corporate lease extending through December 2030.

Where is this auto shop located?

The property is located at 511 Kanawha Ave Rainelle, WV.

What are key features of this property?

This property features: Advance Auto Parts operating 25+ years at the location with a recent lease extension through December 2030; 8+ years remaining on a corporate‑signed NN lease with two (5‑year) options to extend; Scheduled rental increases at the beginning of each option