Property Listing No Longer Available for Sale

6401 US Route 60, Barboursville, WV

Retail for Sale - $2,780,000 - 10,752 Sq. Ft. on 1.1 acres


Property Info

CIMLS#964927
Location
  6401 US Route 60
  Barboursville WV 25504
UpdatedNovember 5th, 2017
TypeRetail
Price$2,780,000
Building10,752 Sq. Ft.
Land1.1 acres

Property Description

Rite Aid in Barboursville, West Virginia has 10 years remaining on its current term with two options thereafter. There is a 5% rental increase in September 2019. This Rite Aid was built in 1997 with a drive‐thru and is located on the signalized hard corner of Farmdale Road and US Highway 60. Rite Aid's lease is an Absolute NNN lease with zero Landlord responsibilities.

The original term was set to expire in Sept 30, 2019, yet in 2013 Rite Aid agreed to extend

their lease by 14‐years to 9/30/2027. In addition to the current term, there are two option periods. The first is for 5‐years and has a rental increase of 12.6%; the second option

is for 10‐years and has a rental increase is 5%.

Location Description:

Barboursville, West Virginia is a town located in Cabell County and near the second largest city in the State, Huntington. Barboursville is conveniently located 30 miles west of Charleston, and is also approximately 100 miles southeast of Columbus, Ohio. Barboursville

is home to Huntington Mall, which is the state’s largest indoor shopping super‐regional shopping mall. Also, being in such close proximity to the City of Huntington, Barboursville is a convenient drive for some of the area’s largest employers such as St. Mary’s Medical Center and Cabell Huntington Hospital. Barboursville is also close to Marshall University, a historic public university located in downtown Huntington founded in 1837 and boasting a study body of over 13,600 students.

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