Huntington Mall
Retail | 8.40% CAP | 36,066 SqFt
Marketing description
THE ASSET
•Durable Income Stream: 100% leased to two national tenants with long operating histories at the property and predictable, expense-reimbursed cash flow.
•Creditworthy Anchor: Michaels (corporate) occupies 83% of the GLA and continues to expand product categories nationwide, supporting long-term store health.
•Built-In Rent Growth: Mattress Warehouse provides meaningful upside with a 10% contractual rent increase in Year 11 and 8% increases in all renewal options.
•Simple Ownership Structure: NN/NNN leases with minimal landlord responsibilities and fully recoverable CAM, tax, and insurance pass-throughs.
•Proven Retail Format: Large, flexible floor plans and adjacency to Best Buy, Ulta, Old Navy, Dick’s, and other dominant regional retailers improve tenant stickiness.
Below Market Rent: Anchor Tenant Michael’s is paying well below market rent at $5.75 per SF while being a tenant since 1993
Investment highlights
LOCATION HIGHLIGHTS
•Dominant Retail Destination: Located at the entrance of Huntington Mall, the largest retail complex in West Virginia, drawing consistent traffic from a 368,000-person MSA.
•Regional Trade Area Pull: Barboursville serves shoppers from three states (WV/KY/OH) due to limited competing malls and central interstate positioning.
•Blue-Chip Employment Base: Major employers, including Marshall University, Toyota, Cabell Huntington Hospital, and Alcon, support stable household incomes.
•Exceptional Access & Visibility: Direct access to I-64 with visibility to 20,000–52,000 VPD.
•Continued Public & Private Investment: TIF district, $40M mixed-use redevelopment, and public improvements signal long-term municipal commitment.
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