499-513 Rosebud Ave
Clarksburg, WV 26301
Rose Bud Plaza - 77% Occupied -9.5% CAP · Retail Property For Sale

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to bring to market Rose Bud Plaza in Clarksburg, West Virginia. This 136,606-square foot shopping center is currently 77 percent occupied and includes national tenants Family Dollar, Rite Aid, and DaVita Dialysis. The plaza is anchored by Marsh Lumber & Home Center, who pays percentage rent in excess of base rent based on the success of the store. Within the past five years, over $1 million has been spent in capital improvements to the roof, HVAC, resurfaced parking lot, etc. The 12,515-square foot Rite Aid has been in place since 1995, and is currently leased to 2020 with several renewal options, showing long term commitment to the site. Multiple tenants are leased to triple net terms, leaving minimal responsibilities for the landlord. Rose Bud Plaza is located in Clarksburg, West Virginia and is the only shopping plaza that is located south or west of Clarksburg and Harrison County, West Virginia. The property benefits from being positioned less than one mile of multiple medical facilities including the Highland-Clarksburg Hospital (350 Beds), Louis A. Johnson VA Medical Center, Premier Medical Urgent Care, West Virginia Veteran’s Nursing Facility, Harrison County Emergency Squad, and Clarksburg Nursing & Rehabilitation. Adjacent to Rose Bud Plaza sits over 200 apartment units. Demographics surrounding the property are stable with 32,489 residents located within five miles. Just six miles from the property is Interstate 79, the primary corridor in West Virginia which sees 39,500 cars daily. Investment