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3 Northridge Dr - Harbor Freight - Buckhannon WV

15,000 SF Retail Building Offered at $1,883,326 at a 7% Cap Rate in Buckhannon, WV

Highlights

  • Newly constructed 15,000SF retail building in Buckhannon, WV, 100% leased to Harbor Freight, a discount tool and equipment retailer.
  • Easily accessible by full turn ingress and egress to Northridge Dr, its location along Rt. 119/I-20 and close proximity to the Rt. 33/1 interchange.
  • The tenant holds a 10-year NNN Lease that began in March 2019 with five 5-year options with 10% rent increases in each option period.
  • 64 surface parking spaces for a ratio of 4.27 spaces per 1,000SF.

Investment Summary

PennTex Ventures is pleased to present to the market the new constructed, Harbor Freight store (15,000sf) located in Buckhannon, WV (county seat of Upshur County), approximately 45 miles Southwest of Morgantown, WV. The Tenant holds a 10-year NNN Lease with 10% rent increases every 5 years. Rent commenced March 5, 2019.

The Offering

  • Listing ID: 15046827
  • Date Created: 2/1/2019
  • Last Updated:

ABOUT 3 Northridge Dr , Buckhannon, WV 26201

The property is located along Rt. 119 adjacent to the interchange with Rt. 33/1. Retailers in the immediate radius include Walmart, NAPA Autoparts, Microtel, Buffalo Wild Wings, Pizza Hut, Arby's, and Burger King. Other traffic generators in the area include Wesleyan College which enrolls 1,449 students, and employs 150 faculty and staff members yearly.

Marketing Brochure

Download Brochure

More Attachments

O.M_Harbor Freight_ BuckhannonWV_9.18.19

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
2,281
12,809
16,917
2010 Population
2,337
12,694
16,733
2024 Population
2,252
12,723
16,809
Employees
3,607
7,263
7,875
Total Businesses
387
737
788
Average Household Income
$65,553
$59,411
$58,190
Median Household Income
$29,740
$45,063
$45,760
Total Consumer Spending
$22.87M
$112.51M
$149.55M
Median Age
43.3
39.3
40.2
Households
1,070
5,034
6,682
Percent College Degree or Above
16%
10%
10%
Average Housing Unit Value
$196,556
$174,162
$168,254

NNN Tenant Information

Tenant SF Occupied Lease End Date
Harbor Freight 15,000 February 2029

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Turkey Run Rd US Rte 119, E 1,479 2018 2.07 mi
Weston Rd Fink Run Rd, W 1,398 2018 2.27 mi
State Rte 20 S Morris St, NE 9,625 2018 2.72 mi
Bailey Ridge Rd Ivy Goodwin, NW 1,906 2018 2.77 mi
Co Rte 20/3 US Rte 119, NW 621 2018 2.95 mi
Walk Score ®
38
Car-Dependent
Bike Score ®
22
Somewhat Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Sale Advisors

724-420-5367-104 Contact
Ashley Weinman , Assistant Vice President of Development and Sales
724-420-5367-104 Contact
Ashley takes a lead role in the identification and evaluation of ground up development markets and acquisition opportunities. Ashley leverages existing tenant and brokerage relationships, and cultivates new contacts to facilitate asset development. She also oversees the due diligence and structuring process for asset acquisition while managing and cultivating a team of Real Estate Manager's. Ashley negotiates proforma's, leases, sales, and purchase contracts. She is also responsible for ground-up development tasks including site plan approval, zoning / variance hearings, and municipal approvals. Ashley grows and fosters relationships with brokers representing a variety of clients (REIT, 1031 Exchange, etc.) as well as direct principals to facilitate sales of completed single tenant net leased and multi tenant properties
724-396-2454 Contact
Tim Weinman , President
724-396-2454 Contact
Mr. Weinman is the driving force behind PTV. He has over 40 years of experience in the Shopping Center, Commercial and Multifamily real estate industries. He successfully managed, leased, and developed for some of the nation’s leading developers and Real Estate Companies; including Edward J. DeBartolo, Oxford Development and JJ Gumberg Co. He managed and leased some of the largest malls and open air centers in the country including Century 3, South Hills Village, Village Square in Pa and millions of sf of GLA in open air centers in eight states. He has proven abilities to assemble difficult sites, steer them through site plan approval, manage construction from raw dirt to store opening, and preparing and managing development pro forma’s is a well-documented record of success. He completed development, leases and or sales with some of the Nation’s leading companies including Walgreens, McDonalds, JC Penney, Staples, KFC, Taco Bell and Dollar General. He has been a licensed real estate broker since 1981, Member of ICSC and Director of the local Board of Realtors. He graduated from Penn State University in 1974 with a Business degree majoring in Marketing and Management

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