5465 Big Tyler Rd Cross Lanes, WV 25313-1149
- Commercial land
- 2,544 SF
- 0.67 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5465 Big Tyler Rd
- Year built
- 1964
- Lot size
- 0.67 lot acres
- Property size
- 2,544 SF
- Property type
- 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.
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
- Cross Lanes
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.7864
- Latitude
- 38.4243
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA
