801 Larry Joe Harless DrGilbert, WV 25621
- Retail properties
- 8,190 SF
Property Details for 801 Larry Joe Harless Dr
- Year built
- 2003
- Lot size
- 1.60 AC
- Property size (Sq ft)
- 8,190 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a two-building retail portfolio totaling 8,190 square feet, situated on a 1.6-acre lot in Gilbert, West Virginia. The property, located at 801 Larry Joe Harless Drive, 25621, boasts a prime commercial zoning and ample parking with 50 spaces. Currently 100% occupied by a multi-tenant configuration featuring a Family Dollar and one additional tenant, this stabilized investment offers a compelling 9.00% cap rate. The buildings, constructed in 2003, are single-story Class B structures. The lease structure is NNN (Net, Net, Net), with a current lease term of five years remaining on one lease and another five-year lease beginning in 2032. This translates to a total lease term extending to 2032. The property's strong tenant base and long-term lease agreements provide a secure and predictable income stream. This is a rare opportunity to acquire a high-performing retail investment in a desirable location. The property offers significant potential for long-term appreciation and passive income generation. The property is offered at $999,000.
Location Insight
- City
- Gilbert
- County
- Mingo
- State
- West Virginia
- Latitude
- 37.6122
- Longitude
- -81.8669
Comparable in this City
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at support@realmo.com and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.