Shopping Regional
Huntington Plaza
10 Mall Rd, Barboursville, WV 25504
Listing Price: $3,105,000
Investment Overview
Marcus & Millichap is pleased to present for sale Huntington Plaza, a Two-Tenant Shopping Center Located in West Virginia Super-Regional Retail Node. Located at Entrance to 1.5 Million Square Foot Huntington Mall (Dick’s, JCP, Macy’s, TJX/HomeGoods, Cinemark-Anchored). Prime “First Row” Frontage to E Mall Rd/ Mall Rd with Multiple Points of Ingress/ Egress. Immediately Adjacent to I-64 Exit Ramps (52,121 Vehicles per Day) with Highway Visibility.
Huntington Plaza
Investment Highlights
- Two-Tenant Shopping Center Located in West Virginia Super-Regional Retail Node
- Michaels (83 Percent of Gross Leasable Area) – In-Place Since 1993; Recent Five Year Extension thru 2/2030; Below-Market $5.75 per Square Foot Triple-Net Rent
- Upside Through Below-Market Rents (Avg = $7.19 per Square Foot Triple-Net)
- Triple-Net Leases in Place with 91 Percent Reimbursement of Real Estate Tax/Insurance/Common Area Maintenance
- Contiguous to Best Buy (NAP); Neighbored by Walmart, Lowe's, Hobby Lobby, and Huntington Regional Mall
- Sleep Outfitters (17 Percent of Gross Leasable Area) – In-Place Since 2014; Recent Lease Extension thru 5/2030
- Neighboring QSR Users Include Chickfil-A, Chipotle, McDonald's, Wendy's, Panera, Chili's, Outback, etc.
- Huntington Mall and Adjacent Retail (7.2M Annual Visits) Comprise the Number One Visited Retail Destination in the MSA; Number Five Most Visited in West Virginia
Broker of Record
-
Grant Fitzgerald
Vice President/Regional Manager
Financing By
Listing Price: $3,105,000
Investment Highlights
- Two-Tenant Shopping Center Located in West Virginia Super-Regional Retail Node
- Michaels (83 Percent of Gross Leasable Area) – In-Place Since 1993; Recent Five Year Extension thru 2/2030; Below-Market $5.75 per Square Foot Triple-Net Rent
- Upside Through Below-Market Rents (Avg = $7.19 per Square Foot Triple-Net)
- Triple-Net Leases in Place with 91 Percent Reimbursement of Real Estate Tax/Insurance/Common Area Maintenance
- Contiguous to Best Buy (NAP); Neighbored by Walmart, Lowe's, Hobby Lobby, and Huntington Regional Mall
- Sleep Outfitters (17 Percent of Gross Leasable Area) – In-Place Since 2014; Recent Lease Extension thru 5/2030
- Neighboring QSR Users Include Chickfil-A, Chipotle, McDonald's, Wendy's, Panera, Chili's, Outback, etc.
- Huntington Mall and Adjacent Retail (7.2M Annual Visits) Comprise the Number One Visited Retail Destination in the MSA; Number Five Most Visited in West Virginia
Investment Overview
Marcus & Millichap is pleased to present for sale Huntington Plaza, a Two-Tenant Shopping Center Located in West Virginia Super-Regional Retail Node. Located at Entrance to 1.5 Million Square Foot Huntington Mall (Dick’s, JCP, Macy’s, TJX/HomeGoods, Cinemark-Anchored). Prime “First Row” Frontage to E Mall Rd/ Mall Rd with Multiple Points of Ingress/ Egress. Immediately Adjacent to I-64 Exit Ramps (52,121 Vehicles per Day) with Highway Visibility.
Broker of Record
-
Grant Fitzgerald
Vice President/Regional Manager
Financing By
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