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Views: 48 DOM: 167 Updated: 05.20.24 Posted: 12.28.23 Status: Active

Summary

Price $1,454,500
Built/Renov 1981/2022
Tenant Mine Safety & Health (MSHA)
Cap Rate 7.50%
Lease Type Gross
Guarantor Corporate
Size/SF 9,407
Lease Start 06-21-2022
#Units 50
Price/SF $154.62
Expiration 06-20-2032
Tenant Type Government
NOI $101,734
R. Term 8.0
Ownership Fee Simple
Rent/SF $10.81
Increases 0.0%/0/yrs
Pop 5Mi 8,440
Lot/AC 13.98
Options 0/0yrs
AHHI 5Mi $56,129

Lease Highlights

  • Mine Safety & Health Administration has 8+ years remaining on the current lease term
  • GSA lease (U.S. Government credit, AA+ S&P)
  • $14,500 recently invested for new PVC gutter drains and an electronic door lock installed in August 2023
  • 2022 restroom renovations, roof repairs & replaced HVAC unit
  • ADA approved facility 
  • Corporately guaranteed by U.S. Government 

Location Description

Mine Safety & Health Administration is strategically located on Pond Fork Road. The property enjoys close proximity to well-known national retailers such as Wendy’s, Kroger, Goodwill, and others. Additionally, it is situated near Boone Memorial Health with 25 beds. The 5-mile trade area is supported by a population of 8,440 residents with an average household income of $56,129. Madison is a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from mining and promote safe and healthful workplaces for U.S. miners. MSHA...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 447 3,745 8,076
2023 Total Population : 459 3,851 8,273
2023 Employed Civilian Pop : 119 1,323 2,917
2023 Total Businesses : 6 128 268
2023 Average Household Income : $ 53,955 $ 68,342 $ 70,844
2023 Total Consumer Spending : $ 9 M $ 99 M $ 216 M
2023 Median Age : 45 44 44
2023 Total Households : 183 1,583 3,346
2023 Pop Age 25+: Bachelor's Degree : 31 243 463
2023 Average Home Value : $ 108,640 $ 140,166 $ 148,361
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pond Fork Road State Hwy85 2021 2,932 0.43 mi
Pond Fork Road State Hwy85 2021 2,320 1.96 mi
Spruce River Rd State Hwy17 2016 2,746 2.11 mi
Spruce River Road Old Mill Rd 2021 2,127 2.13 mi
Nathan Ave 2021 263 2.31 mi
Vivian Drive 2013 263 2.31 mi
Haddad St 2021 272 2.36 mi
WV 17 State St 2021 3,251 2.36 mi
South Main Street Woodland Dr 2021 4,261 2.41 mi
State St State Hwy85 2010 14,688 2.47 mi

Listing Broker

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