4015 Main St Weirton, WV 26062-5332
- Drive through restaurants
- 0.11 lot acres
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
Property Details for 4015 Main St
- Lot size
- 0.11 lot acres
- Property type
- Drive through restaurants
- APN
- 05-06- W2M-0078.0000
- APU
- 0506W2M00780000
Description
This exceptional investment opportunity presents a thriving restaurant property located at 4015 Main Street in Weirton, West Virginia, 26062. Offered at $1,015,000, this retail and land property boasts an absolute NNN lease, ensuring a passive income stream for the investor. The current tenant, a KFC franchisee, enjoys a long-term operating history of over 30 years, demonstrating consistent success within the Weirton community. The lease includes attractive rental increases of 10% every five years, providing a built-in hedge against inflation. This strategically positioned property benefits from high visibility and convenient accessibility along Main Street, experiencing over 15,400 vehicles per day. The strong operational history is further solidified by the franchisee's backing: Morgan Foods, Inc., a subsidiary of Ampex Brands, operating over 400 units. This investment is further enhanced by the positive economic impact of the Frontier Crossing Development project, bringing over $2 billion in private investment and thousands of jobs to Weirton. This presents a rare opportunity to acquire a stable, high-performing asset in a growing market. The property's location and the tenant's strong performance history make this an attractive investment with significant long-term potential. The absolute NNN lease structure minimizes management responsibilities, making this an ideal choice for passive investors seeking a reliable return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $305,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $335,000
- Mixed-Use
- $350,000
- Hospitality
- $280,000
- Educational
- $350,000
- Residential Income
- $360,000
- Energy
- $290,000
- Income-Based Land
- $350,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Weirton
- County
- Brooke
- State
- West Virginia
- Longitude
- -80.593
- Latitude
- 40.3934
- CBSA code
- 48260
- CBSA name
- WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA
