Burger King, Morgantown

2 Lawless Road
Morgantown, WV 26505

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