Burger King, Morgantown

2 Lawless Road
Morgantown, WV 26505

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,569

Acreage: .903

Price: $2,055,000

Cap Rate: 6.50%

Description:

(Under LOI)

  • 20 year absolute NNN lease with 7.5% rent bumps every 5 years and 4 renewal options of 5 years each
  • Existing location built in 1993 and remodeled in 2011 with store sales over $1.23 million in 2013
  • 57 unit operator with over 30 years experience in the QSR industry
  • Located directly off I-79 (42,000+ vehicles per day) next to Lowe’s and Morgantown Mall anchored by
    JC Penney, Elder-Beerman, Belk, Sears, and Carmike Cinemas
  • Morgantown Mall, owned by Glimcher Realty Trust, is over 555,000 SF and 99% leased with a trade area of 370 square miles and over 390,000 people
  • One exit north is University Town Centre with Walmart, Target, Sam’s Club, TJ Maxx, Dick’s Sporting Goods, Bed, Bath & Beyond, HomeGoods, Petco, Old Navy, Barnes & Noble, Giant Eagle, Hollywood Theaters, casual dining restaurants and more
  • Morgantown has been ranked as one of the best small cities in America and is home to West Virginia University with over 30,000 students
  • The I-79 High Tech Corridor is a 73-mile stretch of highway that includes a multitude of colleges/universities, health care centers, and government agencies that shaped the region’s economic landscape and will stabilize it for years to come

Burger King, Morgantown

Downloads

Marketing Package         

Investment Summary         

Demographics         

Site Plan         

Aerials         

Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile