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Kenova Save A Lot 1400 Chestnut St

16,000 SF Retail Building Kenova, WV 25530 $1,199,999 ($75/SF) 6.50% Cap Rate

Retail Space West Virginia Kenova 1400 Chestnut St, Kenova, WV 25530

Investment Highlights

  • Stable lease
  • Updated open concept floor plan and ceilings

Executive Summary

Up for sale is this commercial property at 1400 Chestnut street Kenova, WV 25530. This property is fully leased with a Save A Lot grocery store as the tenant with 52 months remaining on the lease with two five year options available with 10% rent increases on each. The lease is full triple net (NNN) with lessee responsible for taxes, insurance, and upkeep. Property suffered total loss fire in 2021 so everything has been updated and replaced since then. Roof was replaced in 2022 by property owner, as well as the HVAC units. Inside of property was updated with polished concrete floors and open ceiling concept in 2022 as well. New fire alarm system was installed in 2022 also. This property offers great long term potential for any investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
16,000 SF
Building Class
C
Year Built/Renovated
1988/2022
Price
$1,199,999
Price Per SF
$75
Cap Rate
6.50%
NOI
$78,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.60 AC
Parking
50 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
169 FT on Chestnut St

Amenities

  • Pylon Sign
  • Air Conditioning
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Nearby Major Retailers

Fifth Third Bank
U.S. Bank
FoodFair
United Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-9-04620000
  • 07-9-04640000
  • 07-9-04650000
  • 07-9-04660000
  • 07-9-04630000
 Improvements Assessment $164,520
Land Assessment $35,100 Total Assessment $199,620

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-9-04620000
  • 07-9-04640000
  • 07-9-04650000
  • 07-9-04660000
  • 07-9-04630000
Land Assessment
$35,100
Improvements Assessment
$164,520
Total Assessment
$199,620
(859) 285-5002

Contact

  • Jamason Sparks
    Jamason Sparks
  • JHGKL Enterprises Inc.

  • Listing ID: 33933816

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 1400 Chestnut St, Kenova, WV 25530

More public record information on 1400 Chestnut St, Kenova, WV 25530

The Retail Property at 1400 Chestnut St, Kenova, WV 25530 is currently available for sale. Contact JHGKL Enterprises Inc. for more information.

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Kenova Save A Lot | 1400 Chestnut St
(859) 285-5002 x

Kenova Save A Lot | 1400 Chestnut St

Jamason Sparks

(859) 285-5002

(859) 285-5002

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