State of West Virginia Department of Environmental Protection

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State of West Virginia Department of Environmental Protection

1101 George Kostas Dr Logan WV Logan County

Sales Price: $1,536,852

Cap Rate: 8.50%

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Kevin Baker
Jason Greenspan

Description:

GOVERNMENT (STATE OF WEST VIRGINA) BACKED LEASE

FOUNTAIN PLACE SHOPPING CENTER:

• Subject property is a pad to the Walmart/Lowe’s anchored Fountain Place Center and is surrounded by national tenants such as Dollar Tree, Shoe Show, Hilton Express, McDonald’s, Advance Auto Parts, Burger King, Arby’s, etc.
• The closest Walmart is 30+ miles away, making this the dominant power center in the region.

US-119 ACCESS:
• The property is directly adjacent to US-110 (16,000 VPD) – the area’s main highway to and from Charleston, WV – the state’s capital and most populated city.

Building Size: 12,994 SF

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 555 5,385 11,963
Avg. HH Income: $53,472 $53,716 $59,111

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. 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 are used 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.