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293 N Locust St
Buckhannon, WV 26201

$2,710,000 USD

Fast Food For Sale  •  3,969 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,969 SF
  • Lot Size 1.01 AC
  • Building Class B
  • Year Built 1997
  • Cap Rate 6.20 %
  • Tenancy Single
  • Zoning C-2
0 Transit Score
38 Walk Score

Highlights

18+ years remaining on a new Absolute Triple Net (NNN) Lease with 7.5% increases every 5 years and zero landlord responsibilities.
Restructured in July 2024, with the tenant extending early, demonstrating a strong commitment to the property.
The lease is backed by GPS Hospitality, the nation’s 3rd largest Burger King franchisee, boasting 400+ Burger King locations, 60+ Pizza Huts.
Exceptional unit-level performance with the sales of this location is 40% above the national Burger King average.
Asset is positioned just off Highway 33/119 along Clarksburg Road, Buckhannon’s primary north-south thoroughfare.
The site is surrounded by Buckhannon’s most notable national tenants, including Lowe's, Walmart, Walgreens, CVS, AutoZone, Harbor Freight Tools.
Cap Rate: 6.20 %

Major Tenants

Tenant SF Occupied Lease End Date
GPS Hospitality, LLC 3,969 SF 6/30/2044

Amenities

  • Restaurant

Public Transportation

AirportDriveWalkDistance
North Central West Virginia 43 min - 28.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Thomas Gorman 610-550-8884 Sands Investment Group
Thomas Gorman 610-550-8884 Sands Investment Group