1201 South Chestnut Street Marketing Flyer
Black Diamond Realty is pleased to present 1201 South Chestnut Street located in Clarksburg, West Virginia. This 18,748 square foot building is 100% occupied. Tenants include: Dollar General, Casey Carpets, Buffington Photography, and Grandma Cookie’s Hot Dog Express.
Black Diamond Realty is pleased to present 1201 South Chestnut Street located in Clarksburg, West Virginia. This 18,748 square foot building is 100%
occupied. Tenants include: Dollar General, Casey Carpets, Buffington Photography, and Grandma Cookie’s Hot Dog Express.
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<strong>1201</strong> S. CHESTNUT STREET<br />
CLARKSBURG, WV 26301<br />
FOR SALE<br />
INVESTMENT<br />
MARKETING FLYER
CLARKSBURG<br />
WEST VIRGINIA<br />
<strong>1201</strong> S. CHESTNUT STREET<br />
ASSET LOCATION<br />
<strong>1201</strong> S. CHESTNUT STREET<br />
CLARKSBURG, WV 26301
02<br />
08<br />
14<br />
16<br />
INVESTMENT OVERVIEW<br />
Introduction of the property including specifications of the building, utilities, ingress and<br />
egress and parking.<br />
TENANT OVERVIEW<br />
Overview of all tenants including their lease information, square footage, and<br />
rent breakdowns.<br />
LOCATION OVERVIEW<br />
Detailed description/Google photo of the location and its proximity to<br />
surrounding businesses and locations.<br />
AERIAL PHOTOS<br />
Aerial photos of the subject property from different heights and angles.<br />
Financial information is available upon<br />
request and receipt of a signed Confidentiality<br />
& Disclosure Agreement. To obtain this<br />
agreement, contact Black Diamond Realty.
02 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV
INVESTMENT OVERVIEW<br />
<strong>1201</strong> S. CHESTNUT STREET<br />
CLARKSBURG, WV 26301<br />
SALE PRICE / $899,000<br />
GROSS BUILDING SIZE / 18,748 SQ FT<br />
GROSS LOT SIZE / 1.45 ACRES<br />
Black Diamond Realty is pleased to present <strong>1201</strong><br />
<strong>South</strong> <strong>Chestnut</strong> <strong>Street</strong> located in Clarksburg, West<br />
Virginia. This 18,748 square foot building is 100%<br />
occupied. Tenants include: Dollar General, Casey<br />
Carpets, Buffington Photography, and Grandma<br />
Cookie’s Hot Dog Express.<br />
The <strong>1201</strong> S. <strong>Chestnut</strong> <strong>Street</strong> complex is located on a corner lot between<br />
Route 98 and <strong>South</strong> <strong>Chestnut</strong> <strong>Street</strong>. The complex is 2.5 miles from Route<br />
50 and 4.5 miles from I-79, Exit 119.
LOCATION<br />
The subject building is located on the corner of <strong>South</strong> <strong>Chestnut</strong> street and<br />
Route 98. The building is situated outside of city limits within the Clark<br />
District of Harrison County. The subject property is located just 2.5 miles<br />
from Route 50 and 4.5 miles from I-79, Exit 119.<br />
SITE DESCRIPTION<br />
The building was originally constructed in the 1940’s as a war glass factory.<br />
Since then, there have been three additions added onto the original structure<br />
as well as various upgrades. The gross building size is 18,748 square<br />
feet with 17,334 square feet being the net leasable area. The lot size is<br />
1.45 acres and the site is not restricted by any zoning. The site has a clean<br />
Phase 1 Environmental Report which is available upon request.<br />
BUILDING SPECIFICATIONS<br />
This one story building is constructed on a concrete slab and framed with<br />
masonry and steel. The exterior of the building is a combination of vertical<br />
metal siding, vinyl siding and brick veneer. The roof system is rubber with<br />
metal down-spouts for draining and windows are fixed pane units.<br />
UTILITIES<br />
All public utilities are available to the site. Electric is provided by Mon<br />
Power and water is provided by the Clarksburg Water Board. Internet<br />
providers available include Spectrum and cable is available via DirectTV.<br />
Each unit is separately metered.<br />
INGRESS / EGRESS / PARKING<br />
The location currently offers two points of ingress and egress via public<br />
road (<strong>South</strong> <strong>Chestnut</strong> <strong>Street</strong>). One entrance offers direct access into the<br />
parking lot while the other entrance is offered via gravel driveway. Located<br />
in the front of the building is paved parking lot with roughly 55 customer<br />
parking spaces. There is additional parking at the rear of the building via<br />
a large gravelled area.<br />
PARCEL OVERVIEW<br />
The interior of the building varies throughout each tenants space. Dollar<br />
General’s space consists of 2 x 4 drop panels on a suspended metal grid<br />
system for the ceiling, drywall walls and vinyl tile flooring and fluorescent<br />
lighting. Casey Carpets space consists of 2 x 4 drop panels on a suspended<br />
metal grid system for the ceilings, drywall walls, carpeting and painted<br />
concrete floors and fluorescent lighting. Buffington Photography’s space<br />
consists of 2 x 2 drop panels on a suspended metal grid system for the ceiling,<br />
drywall walls, wall to wall carpeting and vinyl tile floors and fluorescent<br />
lighting. Lastly, the Grandma Cookie’s Hot dog Express space consists of<br />
2 x 4 drop panels on a suspended metal grid system, drywall walls and vinyl<br />
tile floors and fluorescent lighting.<br />
04 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV
BUILDING FLOOR PLAN<br />
*Floor Plan not to scale.<br />
BLACK DIAMOND REALTY<br />
05
06 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV<br />
View of the Dollar General Main Entrance.
View of the Dollar General Loading Dock Facing Northeast.<br />
Rear View of the Building/Additional Parking Facing Northwest.<br />
Rear View of the Building Facing <strong>South</strong>west.<br />
Front View of the Building Facing <strong>South</strong>east.
TENANT OVERVIEW<br />
Dollar General Corporation has been delivering<br />
value to shoppers for over 75 years. Dollar General<br />
helps shoppers, “Save time. Save money. Every<br />
day!” by offering products that are frequently<br />
used and replenished, such as food, snacks, health<br />
and beauty aids, cleaning supplies, basic apparel,<br />
housewares and seasonal items at everyday low<br />
prices in convenient neighborhood locations.<br />
Dollar General operated 14,000 stores in 44 states as of August 19, 2017.<br />
In addition to high quality private brands, Dollar General sells products<br />
from America’s most-trusted brands such as Clorox, Energizer, Procter<br />
& Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark,<br />
Kellogg’s, General Mills, and PepsiCo.<br />
Net sales increased 8.1 percent to $5.83 billion in the 2017 second<br />
quarter compared to $5.39 billion in the 2016 second quarter. Samestore<br />
sales increased 2.6 percent, attributable to increases in average<br />
transaction amount and customer traffic. The Dollar General has<br />
a Moody’s rating of Baa2 and an S&P rating of BBB.<br />
Source: http://investor.shareholder.com/dollar/, www.netleaseadvisor.com<br />
08 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV
DOLLAR GENERAL<br />
GENERAL INFORMATION<br />
Lease Commencement<br />
Lease Expiration<br />
Lease Term<br />
Gross Leasable Area<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
9,168 SF<br />
RENT INFORMATION<br />
Base Rent/YR<br />
Rent/MO<br />
Rent/SQ FT<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
Dollar General Interior: Main Entrance/Cash Register.<br />
Dollar General Interior: Aisle.
CASEY CARPETS<br />
GENERAL INFORMATION<br />
Lease Commencement<br />
Lease Expiration<br />
Lease Term<br />
Gross Leasable Area<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
5,616 SF<br />
RENT INFORMATION<br />
Base Rent/YR<br />
Rent/MO<br />
Rent/SQ FT<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
Casey Carpets Interior: Main Showroom.<br />
Casey Carpets is a residential and commercial contractor specializing<br />
in tile, vinyl, hardwood, laminates, and carpet. Their showroom offers a<br />
variety of products and brands for customers to explore and choose from.<br />
Casey Carpets carries a complete line of products from the world’s leading<br />
manufacturers such as Armstrong and Tarkett.<br />
10<br />
<strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV<br />
Casey Carpets Interior: Garage/Storage Area.
BUFFINGTON PHOTOGRAPHY<br />
GENERAL INFORMATION<br />
Lease Commencement<br />
Lease Expiration<br />
Lease Term<br />
Gross Leasable Area<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
1,920 SF<br />
RENT INFORMATION<br />
Base Rent/YR<br />
Rent/MO<br />
Rent/SQ FT<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
Buffington Photography Interior: Main Entrance/Reception Desk.<br />
The name “Buffington” has been synonymous with fine photography<br />
throughout the area of Clarksburg for nearly sixty years. Amongst portrait<br />
photography, they also offer commercial and industrial photography, copy<br />
and restoration services. Products and services include: Canvas Prints,<br />
computer photo enhancements, custom contractor work, digital prints,<br />
on-demand prints, photo albums, photo repairs and photo reproduction.<br />
Buffington Photography Exterior: Main Entrance.
GRANDMA COOKIE’S & HOT DOG EXPRESS<br />
GENERAL INFORMATION<br />
Lease Commencement<br />
Lease Expiration<br />
Lease Term<br />
Gross Leasable Area<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
630 SF<br />
RENT INFORMATION<br />
Base Rent/YR<br />
Rent/MO<br />
Rent/SQ FT<br />
Disclosed In OM<br />
Disclosed In OM<br />
Disclosed In OM<br />
Grandma Cookies & Hot Dog Express Interior: Dining Area.<br />
A family owned casual dining spot specializing in home cooked food,<br />
grandma’s cookies and Clarksburg own footlong hot dogs. Residents<br />
come here to enjoy the delicious food, relaxing atmosphere and downto-earth<br />
owners.<br />
12 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV<br />
Grandma Cookies & Hot Dog Express Exterior: Main Entrance.
Aerial View of the Building Facing <strong>South</strong>east.<br />
BLACK DIAMOND REALTY<br />
13
LOCATION OVERVIEW<br />
The City of Clarksburg is located in the hills of north central West Virginia<br />
at the intersection of Interstate 79 and U.S. Route 50, the second busiest<br />
interchange in the state. Clarksburg is unique in that it is the largest city in<br />
the region, yet still has the advantages of a small hometown community. A<br />
rich mix of retail, industry, and government services, with a thriving business<br />
community exist, along with many recreational facilities and one of the best<br />
preserved historic downtowns in the state.<br />
POPULATION<br />
1-MI.<br />
5-MI.<br />
2015 Total Population<br />
3,824<br />
31,192<br />
2015 Total Daytime Population<br />
6,169<br />
33,467<br />
2015 Total Employees<br />
3,918<br />
14,852<br />
HOUSING<br />
1-MI.<br />
5-MI.<br />
<strong>1201</strong> S. CHESTNUT STREET<br />
2015 Housing Units<br />
2,213<br />
15,278<br />
% Owner Occupied Housing Units<br />
57.49 %<br />
68.77%<br />
INCOME<br />
2015 Household Income: Median<br />
1-MI.<br />
$34,504<br />
5-MI.<br />
$38,368<br />
Distance to nearby cities: Bridgeport, WV - 6.5 miles, Fairmont, WV - 23 miles,<br />
Morgantown, WV - 40 miles, Parkersburg, WV - 74 miles, Pittsburgh, PA - 108 miles,<br />
Wheeling, WV - 114 miles, Charleston, WV - 146 miles.<br />
2015 Household Income: Average<br />
$48,114<br />
$51,050<br />
(The information above is sourced from MapInfo Pro, 2015).<br />
14 <strong>1201</strong> S. CHESTNUT STREET • CLARKSBURG, WV
The aerial photo above highlights several of the<br />
most popular surrounding retail, restaurants and<br />
businesses. The subject asset has been referenced<br />
with a yellow star. The property is located on the<br />
corner of Route 98 and <strong>Chestnut</strong> <strong>Street</strong>, just 2.5<br />
miles from Route 50.<br />
Along Route 98 there is a daily traffic count of<br />
10,337 vehicles per day (WVDOH, 2012).<br />
Clarksburg Water Board<br />
Salvation Army<br />
Church of Jesus Christ of LDS<br />
U-Store<br />
Genesis Youth Crisis Centers<br />
Kellar Sons<br />
Louis A Johnson VA Medical Center<br />
WV Veterans Nursing Facility<br />
The Clarksburg Amphitheatre<br />
Clarksburg Splash Zone<br />
GoMart<br />
Sheetz<br />
Village Square Conference Center<br />
Audi Clarksburg<br />
United Hospital Center<br />
UHC Sleep Center<br />
Clarksburg Nursing & Rehabilitation<br />
Army National Guard<br />
Maple View Apartments<br />
Oakmound Apartments<br />
Burger King<br />
Rosebud Shopping Center<br />
Rite Aid<br />
Marsh’s Lumber & Home Center<br />
Rosebud Mobile Home Court<br />
BLACK DIAMOND REALTY<br />
15
Aerial View Facing North.<br />
Aerial View Facing North.<br />
Aerial View Facing West.
Aerial View Facing East.<br />
BLACK DIAMOND REALTY<br />
17
CONTACT<br />
BLACK DIAMOND REALTY LLC<br />
1399 Stewartstown Road, Suite 300<br />
Morgantown, WV 26505<br />
Mark J. Nesselroad, Broker<br />
mjnesselroad@blackdiamondrealty.net<br />
Murphy Holloway, Associate<br />
mholloway@blackdiamondrealty.net<br />
Janelle Zeoli, Multimedia Specialist/Designer<br />
jzeoli@blackdiamondrealty.net<br />
P. 304.413.4350 F. 304.599.3285<br />
BlackDiamondRealty.net<br />
David Lorenze, Principal<br />
dlorenze@blackdiamondrealty.net<br />
Jeff Stenger, Associate<br />
jstenger@blackdiamondrealty.net<br />
* All information is believed to be a<br />
ccurate but not guaranteed. More<br />
information is available upon request.
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