Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 56,300-square-foot, multi-tenant retail center located in Summersville, West Virginia. Gateway Center is currently 88 percent occupied, providing upside potential to a future investor by leasing the vacant suites. Anchored by a Burkes Outlet (Bealls), tenants consist of a complementary mix of national and local retail businesses including The Ink Pit, Cardinal Pediatrics, Shoe Show, Ichiban Restaurant, U.S. Cellular, Rent-A-Center, Alfredo's Italian & Greek Restaurant, H&R Block, Smoker Friendly, Patty's Pasta, LHC Health Group, Fish Frenzy Seafood, and Jo's Nails. Constructed in 2000, the subject property consists of three buildings situated on 5.68-acres with ample paved parking. A large double-sided monument sign provides additional exposure to the center. Gateway Center is strategically located on U.S. Highway 19, which runs south to north through West Virginia. Traffic counts in front of the property exceed 29,928 vehicles per day. The property is shadow-anchored by a Walmart Supercenter and near many other national retailers including Lowe's Home Improvement, McDonald's, Long John Silver's, Tractor Supply Co., Harbor Freight Tools, KFC, Advance Auto Parts, Arby's, AutoZone, Applebee's Grill + Bar, Anytime Fitness, Aaron's, Goodwill, Hibbett Sports, AT&T, Dollar Tree, Big Lots, and others. Several hotels including Hampton Inn, Quality Inn, Sleep Inn, Super 8 by Wyndham, and La Quinta Inn & Suites are in close proximity to the subject property, providing additional traffic to the area.