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NN World Wide Equipment, Inc.
SINGLE TENANT NN INVESTMENT OPPORTUNITY
Cross Lanes (Charleston), WV

Available

CONTACT:

Chad Minor
Net Leased Specialist
954-296-6955
Click for Email


INVESTMENT HIGHLIGHTS:

  • NN Lease - Tenant Responsible for Real Estate Taxes, Assessments, Utilities, Insurance, Maintenance & Repair, Parking Lot, etc. Minimal LL Responsibilities (Roof, Structure/Exterior Walls & Foundation).
  • Solid Recession Proof Tenant - World Wide Equipment Inc. employs over 1000 people and operates in 6 states including 16 full-service dealerships, 15 leasing locations, 5 satellite parts stores, 2 detail shops, 1 custom fabrication shop and 1 driveline shop.
  • Excellent Access and Visibility - Located Directly Off Interstate 64 Connecting St.Louis To Richmond.
  • Major National Tenants in the Immediate Area Include: Walmart, Lowe’s, Dollar Tree, Family Dollar, Goodwill, Sheetz, Rural King, Staples, Save-a-Lot, Regals Cinema
  • Limited Competition - Leading Trucking Equipment Provider and Servicer across the TN, KY, SC ,OH, VA, WV Region Industry Critical Tenant - Tenant critical to the success of e-commerce & delivery of goods.

Price:
$4,137,931
NOI:
$300,000
CAP Rate: 7.25%
Years Remaining on Lease: 5.3 Years
Rent Increases:  
Options: 10 x 1 Year
Building Size: 47,700± SF
Lot Size: 4.5± Acres
Rent Commencement:
04/01/2017
Lease Expiration:
03/30/2023
Net Lease Investment:
NN

 

Property Description:
Worldwide Equipment property located at 1 Jain Drive in Cross Lanes, West Virginia 25313. The property consists of 47,700 square feet of building space and sits on approximately 4± acres of land.

Worldwide Equipment signed a new 6-year lease that commenced in April 2017. The base rent is $300,000 and the tenant has ten (10), one year renewal options.

Worldwide Equipment specializes in truck sales, leasing & rentals, repairs & service, and parts. Currently, Worldwide Equipment, Inc. operates in 6 states and has 35 locations including 15 full-service dealerships, 6 satellite parts stores, and 10 leasing locations. Worldwide currently employs over 1,000 employees, including some of the most extensively trained service technicians in the industry.

About the Location:
Excellent Access and Visibility - Located Directly off Interstate 64 Connecting St.Louis to Richmond. Major National Tenants in the Immediate Area Include: Walmart, Lowe’s, Dollar Tree, Family Dollar, Goodwill, Staples, Save-a-Lot, Mardi Gras Casino & Resorts & Regals Cinema.

Limited Competition - Leading Trucking Equipment Provider and Servicer Across the TN, KY, SC ,OH, VA, WV Region

About the Tenant:
Worldwide Equipment specializes in truck sales, leasing & rentals, repairs & service, and parts. Currently, Worldwide Equipment, Inc. operates in 6 states and has 35 locations including 15 full-service dealerships, 6 satellite parts stores, and 10 leasing locations. Worldwide currently employs over 1,000 employees, including some of the most extensively trained service technicians in the industry.

2016 Demographics
1 Mile
3 Mile
5 MilE
Population
15,530
135,635
372,084
Avg Household Income
$90,629
$74,424
$72,090
 
AERIALS/PHOTOS
 

 

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The properties shown on this website may or may not be exclusively listed by SOLID INVESTMENTS at Berger Reatly Group. All information shown on www.SolidInvestmentsFL.com is believed to be accurate, but is not warranted.

Solid Investments
of Berger Realty Group