Offering Memorandum
Highlights
- 3.25 Years Remaining on a Double-Net Lease (NN) - 4 x 5-Year Options Remaining with 10% Increases in Options
- Corporate Lease with Sportsman's Warehouse, a National Sporting Good Brand Operating Over 140 Locations in 31 States. Sportsman's Common Stock is Traded on the NASDAQ: SPWH and has T12 Sales of 1.31 B
- Across from West Virginia's 2nd Most Visited Shopping Center, University Town Center. Anchored by Target, Walmart, Sam's Club, and TJ Maxx, 8.1 Million People Visited in the last Twelve Months
- University Town Center Serves a Massive True Trade Area of 241 SqMi (70% of Traffic). The True Trade Area Encompasses a Population of 209,322 which is Approximately Seven Times the Size of Morgantown, WV.
- Highway Exit Location of I-79 & Chaplin Rd seeing 81,500 VPD, making it one of the busiest intersections in Morgantown, WV
- Morgantown, WV is home to West Virginia University which currently enrolls 27,300+ students and employs over 7,000 people. The University is the city’s largest employer
- Price: $6,265,000
- Lot Size: 3.48 AC
- Cap Rate: 8.00%
- Lease Type: Double-Net (NN)
- Year Built: 2017
- Building SF: 30,381 SF
- Status: Active
- Guarantor: Corporate Guarantee - Sportsman's Warehouse