200 Lafayette AveMoundsville, WV 26041

For Sale
$2,950,000

High-yield grocery store investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly constructed, single-tenant ALDI grocery store located at 200 Lafayette Ave, Moundsville, WV 26041. The property boasts a 20,664 square foot building situated on a 2-acre lot, built in 2023. Secured by a NNN corporate ground lease with ALDI Inc., this investment offers a 19-year remaining lease term with four 5-year options, potentially extending the lease through 2064. The property enjoys 100% occupancy and generates a strong NOI of $147,500, representing a 5.00% cap rate on the $2,950,000 asking price. Strategically located adjacent to a Walmart Supercenter in Moundsville, the second largest city in the Wheeling metroplex, this property benefits from its position along the Ohio River, connecting major markets like Pittsburgh and Ohio. The property's location within the Greater Wheeling Metro region and the Pittsburgh Tri-State area provides access to a substantial consumer base. The strong financial performance, long-term lease, and prime location make this a compelling investment opportunity in a growing market. The property's APN is 25-11-7-0003.0002.

Highlights

  • Moundsville is the county seat of Marshall County, West Virginia.
  • Moundsville is the second-largest city in the Wheeling metro area.
  • The Marshall County Coal Mine is a major employer, being West Virginia's largest and the third-largest underground coal mine nationally.
  • The mine employs over 800 full-time workers.
  • The property is situated in the Greater Wheeling Metro region, part of the Pittsburgh Tri-State area.
  • Wheeling is West Virginia's fifth-largest city and the largest in the Northern Panhandle.

Property Details for 200 Lafayette Ave

Property type
Other retail properties, Individual retail properties
Square Feet
20,664 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
1

Location Insight

City
Moundsville
County
Marshall
State
West Virginia
Latitude
39.92724155
Longitude
-80.74937937
200 Lafayette Ave, Moundsville, West Virginia

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200 Lafayette Ave
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