1000-1032 Wal St
Summersville, WV 26651

Marcus & Millichap is please to bring to market One Gateway Center, a Walmart Shadow Anchored Shopping Center comprised three buildings totaling 56,420-square feet in Summersville, West Virginia. Summersville is the county seat of Nicholas County and located less than 65 miles east of downtown Charleston, WV – the largest city in West Virginia. The center is positioned on along US-19 on approximately 5.62 acres with great signage, visibility and multiple points of ingress and egress. One Gateway Center is currently 87 percent leased with three units totaling 7,140-square feet of realizable vacancy upside. Leasing up these three remaining units at market rent under triple-net leases could potentially add an additional $85,000 to the NOI. National and regional tenants generate 74 percent of the current income. All of the current tenants are under triple-net leases except Shoe Show, currently paying four percent of sales due to a co-tenancy with a clothing store not occupying the building. The tenant base consists of a complimentary mix of local, regional and national tenants that supplies the city’s consumers with a wide range of products and services to meet the needs of its residents. Some of these needs include restaurants, rent-to-own, discount goods, beauty supplies, financial services and fashion. This Walmart Shadow Anchored Shopping Center benefits from being positioned along US-19, a four-lane state highway with a signalized intersection and dedicated turn lanes into the center. US-19 serves as the main commuter corridor which sees over 22,097 vehicles per day. Along with the Walmart Supercenter, additional retail traffic drivers within the corridor include Lowes, Walgreens, Food Lion, Arby’s, Bob Evans, Wendy’s, Advance Auto Parts, Tractor Supply, Grand Home Furnishings, CVS, Big Lots, Peebles, Dollar Tree. In addition to retail, surrounding the area is education, hotels, recreational parks/golf courses, medical, movie theater and some industrial which all pull consumers to the subject property. It neighbors both Nicholas County High School with 806 students the city’s Tourist Information Center, Summersville Convention & Visitors Bureau. This Walmart Shadow Anchored Shopping Center has seen strong historical occupancy and a prominent location within the market provides One Gateway Center the ability to continue to be an integral part of the community and should continue to serve as an invaluable shopping destination for residents and travelers alike.