Shopping Neighborhood

Rose Bud Plaza

499 Rosebud Ave, Clarksburg, WV 26301

Listing Price: $7,765,000

Cap Rate
9.40%
Gross SF
138,977
Rentable SF
138,977
Price/Gross SF
$55.87
Lot Size
11.47 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Rose Bud Plaza located in Clarksburg, West Virginia. The property is a 138,977-square-foot value-add community shopping center that is 76 percent occupied. Rose Bud Plaza has a diversified roster of retail, office and medical tenants with no tenant occupying more than 22 percent of gross leasable area. West Virginia had very limited COVID-19 shutdowns which resulted in no tenants at the center requesting COVID-19-related concessions.

Investment Highlights

  • 76 Percent Occupied, 138,977-Square-Foot Value-Add Community Shopping Center in Clarksburg, West Virginia
  • Anchored by Marsh Hardware & Builder Supply (21 Percent of Gross Leasable Area) – Freestanding Building on Triple-Net Lease
  • High-Yield Opportunity Priced at a 9.4 Percent CAP on In-Place Net Operating Income and Well-Below Replacement Cost at $56 Per Square Foot
  • Offers 14.4 Percent Year One Cash-on-Cash Return and 18.6 Percent Year One Total Return with Proposed 65 Percent Loan to Value Financing Terms
  • Significant Upside Opportunity via Lease-Up of 32,711-Square-Foot Vacancy – One 24,127-Square-Foot Jr. Box Unit and Three Small- Shop Units Ranging from 2,200 – 3,300 Square Feet Each
  • Prime Junior Box Vacancy is Ideally Sized and Suited for Backfill by Expanding National and Regional Discount Retailer
  • Other Retail Anchors Include Walgreens (Nine Percent of Gross Leasable Area) and Family Dollar (7.3 Percent of Gross Leasable Area) – Both Leased to Triple-Net Terms thru 2025
  • Freestanding Fairmont Federal Credit Union Branch Included in Sale – 4,940-Square-Foot Building with Triple-Drive Thru and Drive-Thru ATM

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Shopping Neighborhood

Rose Bud Plaza

Listing Price: $7,765,000

Cap Rate
9.40%
Gross SF
138,977
Rentable SF
138,977
Price/Gross SF
$55.87
Lot Size
11.47 acres
Year Built
1973

Investment Highlights

  • 76 Percent Occupied, 138,977-Square-Foot Value-Add Community Shopping Center in Clarksburg, West Virginia
  • Anchored by Marsh Hardware & Builder Supply (21 Percent of Gross Leasable Area) – Freestanding Building on Triple-Net Lease
  • High-Yield Opportunity Priced at a 9.4 Percent CAP on In-Place Net Operating Income and Well-Below Replacement Cost at $56 Per Square Foot
  • Offers 14.4 Percent Year One Cash-on-Cash Return and 18.6 Percent Year One Total Return with Proposed 65 Percent Loan to Value Financing Terms
  • Significant Upside Opportunity via Lease-Up of 32,711-Square-Foot Vacancy – One 24,127-Square-Foot Jr. Box Unit and Three Small- Shop Units Ranging from 2,200 – 3,300 Square Feet Each
  • Prime Junior Box Vacancy is Ideally Sized and Suited for Backfill by Expanding National and Regional Discount Retailer
  • Other Retail Anchors Include Walgreens (Nine Percent of Gross Leasable Area) and Family Dollar (7.3 Percent of Gross Leasable Area) – Both Leased to Triple-Net Terms thru 2025
  • Freestanding Fairmont Federal Credit Union Branch Included in Sale – 4,940-Square-Foot Building with Triple-Drive Thru and Drive-Thru ATM

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Rose Bud Plaza located in Clarksburg, West Virginia. The property is a 138,977-square-foot value-add community shopping center that is 76 percent occupied. Rose Bud Plaza has a diversified roster of retail, office and medical tenants with no tenant occupying more than 22 percent of gross leasable area. West Virginia had very limited COVID-19 shutdowns which resulted in no tenants at the center requesting COVID-19-related concessions.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

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