Retail Space
614 Virginia Street West Charleston, WV 25302
Details & Description
Price: $892,500
    This 17,850-square-foot NAPA Auto Parts is located in Charleston, West Virginia. There are over four years remaining on a recently exercised renewal option. There is currently very low rent of $4.00 per square foot and a low sales price of $50 per square foot. NAPA Auto Parts has been successfully operating at this location for over 20 years and the tenant has renewed their lease multiple times. NAPA Auto Parts is being offered for $892,500.Lease Guaranty with Napa Parent Company Genuine Parts Company (NYSE: GPC) | "BBB" Investment Grade Credit Rating | Ranked #173 on Fortune 500.Subject Property Includes 22,440 Square Feet of Building Space | Approximately 9,000 Square Feet of Ground-Level Floor Space | Approximately 9,000 Square Feet of Upper-Level Mezzanine Space | A 5,040-Square-Foot Quonset Hut and 1,876-Square-Foot Shed.
    Property Highlights
     Operating Successfully at this Location for Over 20 Years Tenant has Renewed Their Lease Multiple Times
     Rental Increase in 2022 Increases Cap Rate 16 Basis Points for Last Three Years of the Base Term
    Listing Agents
    Craig Fuller

    O: 216-264-2043
    cfuller@ipausa.com
    Dustin Javitch
    Marcus & Millichap
    O: 216-264-2025
    dustin.javitch@marcusmillichap.com
    Scott Wiles
    Marcus & Millichap
    O: 216-264-2026
    swiles@ipausa.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    614 Virginia Street West

    Charleston, WV 25302

    NAPA Auto Parts

    Listing ID: 276035
    • 614 Virginia Street West Charleston, WV 25302 | for Sale | Photo 1
    • 614 Virginia Street West Charleston, WV 25302 | for Sale | Photo 2
    614 Virginia Street West | for Sale | Thumbnail 1
    614 Virginia Street West | for Sale | Thumbnail 2
    Building Size: 17,850 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $50.00
    Land $/SF:
    Price
    $892,500
    Property Highlights
    17,850-Square-Foot Napa Auto Parts NYSE GPC in Charleston, West Virginia
    Over Four Years Remaining on Recently Exercised Renewal Option
    Very Low Rent of $4.00 per Square Foot Low Sale Price of $50 per Square Foot
    Operating Successfully at this Location for Over 20 Years Tenant has Renewed Their Lease Multiple Times
    Brand New Roof on the Storefront Building Space Transferrable Warranty
    Rental Increase in 2022 Increases Cap Rate 16 Basis Points for Last Three Years of the Base Term
    Description

    This 17,850-square-foot NAPA Auto Parts is located in Charleston, West Virginia. There are over four years remaining on a recently exercised renewal option. There is currently very low rent of $4.00 per square foot and a low sales price of $50 per square foot. NAPA Auto Parts has been successfully operating at this location for over 20 years and the tenant has renewed their lease multiple times. NAPA Auto Parts is being offered for $892,500.

    Lease Guaranty with Napa Parent Company Genuine Parts Company (NYSE: GPC) | "BBB" Investment Grade Credit Rating | Ranked #173 on Fortune 500.

    Subject Property Includes 22,440 Square Feet of Building Space | Approximately 9,000 Square Feet of Ground-Level Floor Space | Approximately 9,000 Square Feet of Upper-Level Mezzanine Space | A 5,040-Square-Foot Quonset Hut and 1,876-Square-Foot Shed.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Charleston Area Market Trends

    Listing Demographics for 614 Virginia Street West Charleston, WV 25302

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population10,00042,50271,242
    Population Median Age434142
    Population by Age0-9 Yrs854 (8%)4691 (11%)7536 (10%)
    10-19 Yrs1184 (11%)4482 (10%)7342 (10%)
    20-29 Yrs1098 (10%)5187 (12%)9020 (12%)
    30-39 Yrs1289 (12%)5747 (13%)9232 (12%)
    40-49 Yrs1294 (12%)5383 (12%)8600 (12%)
    50-59 Yrs1376 (13%)5748 (13%)9731 (13%)
    60-69 Yrs1587 (15%)6198 (14%)10557 (14%)
    70+ Yrs1317 (13%)5066 (11%)9225 (12%)
    Median HH Income$34,438$42,046$44,538
    Total Household Income< 24K2097 (41%)6550 (32%)9647 (28%)
    25-49K1129 (22%)4536 (22%)8124 (24%)
    50-74K760 (15%)3228 (15%)5566 (16%)
    75-99K455 (9%)2001 (9%)3121 (9%)
    100-199K434 (8%)2858 (14%)4975 (14%)
    200K+157 (3%)1012 (5%)1845 (5%)
    Highest Education LevelNo Diploma83624624155
    Diploma or GED2237833315034
    Some College1644638110517
    Assoc. Degree42019193432
    Bachelors Degree1233628210072
    Higher Degree105254868830
    Total Housing Units6,00323,62138,233
    --Owner-Occupied2,53711,10119,617
    --Renter-Occupied2,4949,08313,660
    Owner-Occupied Values< 100K130537706825
    100-199K78443717232
    200-299K29416022940
    300-399K596431263
    400-499K49292588
    500K+47423769
    Total Working Age Population8,60235,45359,635
    In Work Force4,70220,84935,259
    Not In Work Force3,90014,60424,375
    Workforce Employed4,40119,70533,283
    Workforce Unemployed3011,1071,893
    Civlian Workforce4,70220,81335,176
    Military Workforce03683
    Total Households5,03120,18433,277
    Family Households2,35610,38317,521
    Non-Family Households2,6769,80215,757
    Married Couple1,3026,61811,606
    Other Family1,0543,7645,914
    Married w/Child3561,9753,568
    Single Male w/Child143476735
    Single Female w/Child4351,6152,449

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    West Virginia1,808,344+21,852,994-11,828,079-11,806,816
    Kanawha County200,073-4193,063-5183,150-3177,236
    Putnam County51,589+855,486+457,818-157,123

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 614 Virginia Street West in Charleston?
    The asking price for 614 Virginia Street West is $892,500
    What is the building size of this Retail property in Charleston, WV?
    The size of the building/unit at 614 Virginia Street West in Charleston is 17,850 square feet
    What kind of Retail is the propery at 614 Virginia Street West?
    The property at 614 Virginia Street West Charleston, WV 25302 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 614 Virginia Street West in Charleston?
    The population within 1 mile of 614 Virginia Street West Charleston, WV 25302 is 10,000 people.
    Who do I contact for questions about 614 Virginia Street West?
    You should contact the listing agent, Craig Fuller, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Yeager Airport (CRW) 3
    Tri-State/Milton J. Ferguson Field (HTS) 49
    Roanoke–Blacksburg Regional Airport (ROA) 116