200 Lafayette Ave Moundsville, WV 26041
- Grocery and convenience stores
- 20,664 SF
- 2.00 lot acres
Current Use by Public Records
- Aldi / Grocery Store
Property Details for 200 Lafayette Ave
- Year built
- 2023
- Lot size
- 2.00 lot acres
- Property size
- 20,664 SF
- Property type
- Grocery and convenience stores
- APN
- 25-11-7-0003.0002
Description
This exceptional investment opportunity presents a newly constructed, single-tenant ALDI grocery store located at 200 Lafayette Ave, Moundsville, WV 26041. The property boasts a 20,664 square foot building situated on a 2-acre lot, built in 2023. Secured by a NNN corporate ground lease with ALDI Inc., this investment offers a 19-year remaining lease term with four 5-year options, potentially extending the lease through 2064. The property enjoys 100% occupancy and generates a strong NOI of $147,500, representing a 5.00% cap rate on the $2,950,000 asking price. Strategically located adjacent to a Walmart Supercenter in Moundsville, the second largest city in the Wheeling metroplex, this property benefits from its position along the Ohio River, connecting major markets like Pittsburgh and Ohio. The property's location within the Greater Wheeling Metro region and the Pittsburgh Tri-State area provides access to a substantial consumer base. The strong financial performance, long-term lease, and prime location make this a compelling investment opportunity in a growing market. The property's APN is 25-11-7-0003.0002.
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
- Moundsville
- County
- Marshall
- State
- West Virginia
- Longitude
- -80.74937937
- Latitude
- 39.92724155
Comparable in this City
Similar Nearby for Sale
Property Visit Statistics
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Visits by month5.4k
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Visitors by month4.9k
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Avg Time on site45 min