Shopping Community
Warwood Plaza
1239 Warwood Ave, Wheeling, WV 26003
Listing Price: $5,775,000
Investment Overview
72% Occupied, 93,454 SF Grocery- Anchored Community Shopping Center in Wheeling, WV. Anchored by Kroger (37% of Occ. GLA) – In-Place Since the 1950’s with Current Term thru September 2027. Other Notable Tenants Include Family Dollar (15% of Occ. GLA), Goodwill, and Subway. Significant Value-Add Potential via Lease-Up – Seven Vacancies Totaling 26,040 SF Incl. One 12K SF Unit and Six Small-Shop Units. Located Along Warwood Ave – Local Arterial with 11,417 VPD. Dense Location Amongst Wheeling’s Warwood Neighborhood; Adjacent to Warwood Middle School & Largest Shopping Center in the Immediate Area.
Warwood Plaza
Investment Highlights
- 72% Occupied, 93,454 SF Grocery- Anchored Community Shopping Center in Wheeling, WV
- Anchored by Kroger (37% of Occ. GLA) – In-Place Since the 1950's with Current Term thru September 2027
- Kroger Reports Consistently Strong Sales; Exceeded $15.6M and $630/SF in Most Recent Year
- Significant Value-Add Potential via Lease-Up – Seven Vacancies Totaling 26,040 SF Incl. One 12K SF Unit and Six Small-Shop Units
- 93% of Occupied GLA is Leased to National or Government Tenants (8 of 10 Tenants)
- Strong Tenant Longevity with 7 of 10 Current Tenants In-Place Since 2006 or Longer
- Low Rents Averaging $10.44/SF Gross with Low Tax/Ins/CAM Expenses Totaling $2.26/SF
- Other Notable Tenants Include Family Dollar (15% of Occ. GLA), Goodwill, and Subway
Broker of Record
Listing Price: $5,775,000
Investment Highlights
- 72% Occupied, 93,454 SF Grocery- Anchored Community Shopping Center in Wheeling, WV
- Anchored by Kroger (37% of Occ. GLA) – In-Place Since the 1950's with Current Term thru September 2027
- Kroger Reports Consistently Strong Sales; Exceeded $15.6M and $630/SF in Most Recent Year
- Significant Value-Add Potential via Lease-Up – Seven Vacancies Totaling 26,040 SF Incl. One 12K SF Unit and Six Small-Shop Units
- 93% of Occupied GLA is Leased to National or Government Tenants (8 of 10 Tenants)
- Strong Tenant Longevity with 7 of 10 Current Tenants In-Place Since 2006 or Longer
- Low Rents Averaging $10.44/SF Gross with Low Tax/Ins/CAM Expenses Totaling $2.26/SF
- Other Notable Tenants Include Family Dollar (15% of Occ. GLA), Goodwill, and Subway
Investment Overview
72% Occupied, 93,454 SF Grocery- Anchored Community Shopping Center in Wheeling, WV. Anchored by Kroger (37% of Occ. GLA) – In-Place Since the 1950’s with Current Term thru September 2027. Other Notable Tenants Include Family Dollar (15% of Occ. GLA), Goodwill, and Subway. Significant Value-Add Potential via Lease-Up – Seven Vacancies Totaling 26,040 SF Incl. One 12K SF Unit and Six Small-Shop Units. Located Along Warwood Ave – Local Arterial with 11,417 VPD. Dense Location Amongst Wheeling’s Warwood Neighborhood; Adjacent to Warwood Middle School & Largest Shopping Center in the Immediate Area.
Broker of Record
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