Two-Tenant Retail Investment
For Sale
Contact for pricing
3902 Coal Heritage Rd, Bluefield, WV 24701
Two-tenant property with Advance Auto Parts and Dollar General.
Property Size17,240 SF
Price / SF$70.89
Days on Market478
Property Features for 3902 Coal Heritage Rd
General Information
Standard status
Active
Size
17,240 SF
Property subtype
Retail
Building Details
Year Built
1996
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #471020548
Source:
Crexi
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:32AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 17,240 square-foot property in Bluefield, West Virginia, is leased to Advance Auto Parts and Dollar General. Both tenants have operated at this location since the late 1990s, with multiple lease extensions demonstrating their commitment to the site. The weighted average lease term remaining is over 6 years. The current rent is $5.64 PSF, below the Costar market rent of $11.14 PSF. Advance Auto Parts has a 17% rent increase in their next renewal option, and Dollar General has a 10% escalation in 2025. Both tenants are publicly traded companies; Dollar General has an S&P rating of BBB. The property is located along Coal Heritage Road, which experiences over 11,500 vehicles per day, serving as the main thoroughfare through Bluewell into Bluefield. The location offers limited competition for both tenants. Nearby businesses include Grant’s IGA Supermarket, Coca-Cola Bottling, Family Dollar, Exxon, and First Community Bank. The area has a population of over 50,100 within a ten-mile radius, with an average household income of $62,760. Advance Auto Parts operates over 4,700 stores and 150 Worldpac branches in the United States, Canada, Puerto Rico, and the Virgin Islands. Dollar General operates more than 18,130 stores in 46 states and has plans for future growth.
Key Highlights
- Two established tenants (Advance Auto Parts and Dollar General) operating at the location since the late 90s.
- Weighted average lease term remaining of over 6 years, providing stable income.
- Significant rent upside potential with current rent at $5.64 PSF compared to a Costar market rent of $11.14 PSF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,505,360
$1.5M
Cap Rate 7%
$1,075,257
$1.1M
Cap Rate 9%
$836,311
$836.3K
Market Conditions
NOI Build-Up for 17,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$113.8K $6.60/SF
− Vacancy
−$6.3K −$0.36/SF
EGI
$107.5K $6.24/SF
− OpEx
−$32.3K −$1.87/SF
NOI
$75.3K $4.37/SF
Area
Mercer County, WV
Vacancy
5.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,505,360
Cap Rate 7%
$1,075,257
Cap Rate 9%
$836,311
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.47M
NOI $208,101 @ 7.0% cap · market cap 17.03%
Second Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,282 @ 7.0% cap · market cap 13.93%
Theoretical Best
Multifamily LT 5
$11.12M
$9.73M – $12.98M
NOI $778,612 @ 7.0% cap · market cap 63.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
37k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Exxon
Shops & Services
13,005 visits/mo
0.3 miles
Dollar General
Shops & Services
7,033 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,523 visits/mo
0.5 miles
Tudor's Biscuit World
Dining
4,771 visits/mo
0.1 miles
Gino's Pizza
Dining
2,972 visits/mo
0.1 miles
Demographics for 24701, WV
19,137
Population
9,419
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
86%
High-School Grad
61.2 sq mi
ZIP Area
313
Density / Sq Mi
$44,188
Median Household Income
$29,589
Median Earnings
$775
Median Rent
$100,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Millers Garage — 3601 Coal Heritage Rd, Bluefield, WV 24701
- Acme Alternator — 4344 Coal Heritage Rd, Bluewell, WV 24701
- Belcher's Alignment — Bluefield, WV 24701
Frequently Asked Questions
What type of property is this?
Auto shop - Two-tenant property with Advance Auto Parts and Dollar General.
Where is this auto shop located?
The property is located at 3902 Coal Heritage Rd Bluefield, WV.
What is the asking price?
The asking price for this property is $1,222,092.
What are key features of this property?
This property features: Two established tenants (Advance Auto Parts and Dollar General) operating at the location since the late 90s.; Weighted average lease term remaining of over 6 years, providing stable income.; Significant rent upside potential with current rent at $5.64 PSF compared to a Costar market rent of $11.14 PSF.
