5465 Big Tyler RdCross Lanes, WV 25313

Property Details for 5465 Big Tyler Rd

Year built

1964

Lot size

0.67 AC

Property size (Sq ft)

2,544 SF

Property type

Land

Property subtype

Commercial land

APN

20-25- 22E-0064.0000

APU

202522E00640000

Description

This exceptional investment opportunity presents a brand-new, single-tenant, 1,350-square-foot auto shop located at 5465 Big Tyler Rd, Charleston, WV 25313, in Kanawha County. The property sits on a 0.7-acre lot and is part of a thriving market in Cross Lanes, West Virginia. This is an absolute NNN (triple net) lease with a national tenant, Strickland Brothers, a reputable company operating over 170 locations. The lease commenced on April 5th, 2024, and has a remaining term of approximately 14.4 years, extending to March 31st, 2039. The current annual net operating income (NOI) is $135,000, yielding a 6.70% capitalization rate. The lease includes attractive 10% rent increases every five years, providing significant long-term growth potential. The building, constructed in 2024, is a single-story structure offering drive-thru oil change services. This is a low-maintenance investment with a strong corporate guarantee from a well-established company with nine existing corporate locations in West Virginia. The property offers a secure, passive income stream with built-in rent escalations, making it an ideal addition to any diversified investment portfolio. This is a rare opportunity to acquire a high-performing, net-leased asset in a prime West Virginia location. The asking price is $2,014,925.

Location Insight

City

Cross Lanes

County

Kanawha

State

West Virginia

Latitude

38.4243

Longitude

-81.7864

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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