868 National Rd Wheeling, WV 26003
- Auto shops
- 9,364 SF
- 0.15 lot acres
Current Use by Public Records
- Auto shops
Property Details for 868 National Rd
- Year built
- 1920
- Lot size
- 0.15 lot acres
- Property size
- 9,364 SF
- Property type
- Auto shops
- APN
- 35-10- W39-0170.0000
- APU
- 3510W3901700000
Description
This exceptional investment opportunity presents an 8,758 square foot auto shop located at 868 National Road, Wheeling, West Virginia, 26003. The property sits on a 0.33-acre lot with excellent visibility due to its National Road frontage and convenient access directly off Interstate 70. Currently operating under a Net Lease agreement with a national tenant, the lease expires November 30, 2028, providing a remaining term of approximately four years. The property boasts a strong Net Operating Income (NOI) of $73,926, resulting in an attractive 7.00% capitalization rate. The asking price is $1,055,000. This is an absolute NNN lease, minimizing landlord responsibilities. The high barriers to entry for similar developments in this location further enhance the investment's long-term value and stability. This is a rare opportunity to acquire a well-positioned, income-producing asset with a strong tenant and a desirable cap rate in a strategic location. The property's high visibility and convenient access to major transportation routes make it an ideal investment for discerning buyers seeking a stable, long-term return. This is a turnkey investment opportunity with minimal management requirements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wheeling
- County
- Ohio
- State
- West Virginia
- Longitude
- -80.6942
- Latitude
- 40.0768
- CBSA code
- 48540
- CBSA name
- WHEELING, WV-OH METROPOLITAN STATISTICAL AREA
