David Lorenze, CCIM, SIOR 3044134350
Jeff Stenger 3044134350 x 124
Mark Nesselroad, Esq, MBA 3044134350

Office / Retail / Restaurant 10,720 SF 1370 University Ave 1,536 - 10,547 SF of Space Available in Morgantown, WV 26505

HIGHLIGHTS

HIGHLY VISIBLE
ADAPTABLE LAYOUT

CLOSE TO MANY AMENITIES
WALKING DISTANCE TO WVU’S MAIN CAMPUS AND HIGH STREET

SPACE AVAILABILITY (2)

1st Floor
1,536 SF
3-5 Years
$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $1,664 /MO $19,968 /YR
Triple Net (NNN)

Space Use

Retail

Availability

Now

1536SF for lease

Lease rate does not include utilities, property expenses or building services
Central Air Conditioning
1536SF for lease

2nd Floor
9,011 SF
3-5 Years
$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $9,762 /MO $117,143 /YR
Triple Net (NNN)

Space Use

Office/Retail

Availability

Now

9,011 SF for lease

Lease rate does not include utilities, property expenses or building services
Central Air Conditioning
9,011 SF for lease

Space	Size	Term	Rental Rate	Rent Type
1st Floor	1,536 SF	3-5 Years	$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $1,664 /MO $19,968 /YR	Triple Net (NNN)
2nd Floor	9,011 SF	3-5 Years	$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $9,762 /MO $117,143 /YR	Triple Net (NNN)

Size

1,536 SF

Term

3-5 Years

Rental Rate

$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $1,664 /MO $19,968 /YR

Rent Type

Triple Net (NNN)

Space Use

Retail

Availability

Now

1536SF for lease

Lease rate does not include utilities, property expenses or building services
Central Air Conditioning
1536SF for lease

Size

9,011 SF

Term

3-5 Years

Rental Rate

$13.00 /SF/YR $1.08 /SF/MO $139.93 /m²/YR $11.66 /m²/MO $9,762 /MO $117,143 /YR

Rent Type

Triple Net (NNN)

Space Use

Office/Retail

Availability

Now

9,011 SF for lease

Lease rate does not include utilities, property expenses or building services
Central Air Conditioning
9,011 SF for lease

The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

PROPERTY FACTS

Total Space Available	10,547 SF	Gross Leasable Area	10,547 SF
Property Type	Retail	Year Built	1947
Property Subtype	Storefront Retail/Office	Parking Ratio	2.66/1,000 SF

Total Space Available	10,547 SF
Property Type	Retail
Property Subtype	Storefront Retail/Office
Gross Leasable Area	10,547 SF
Year Built	1947
Parking Ratio	2.66/1,000 SF

ABOUT THE PROPERTY

Situated in the heart of downtown Morgantown, 1370 University Avenue offers an exceptional opportunity with this versatile commercial building. This property features 1,536 (+/-) square feet of restaurant space along University Avenue and 9,011 (+/-) square feet of retail/office space with access from both University Avenue and Chestnut Street. This property uniquely offers 24 (+/-) off-street parking spaces via two paved lots. The asset presents a prime investment opportunity with its strategic downtown location and flexible space options, ready to accommodate your businesses needs. This location is highly visible and convenient, within walking distance of West Virginia University’s main campus, Walnut Street PRT, and numerous amenities. The property is positioned roughly 2.5 miles from I-79, Exit 152, 3.5 miles from I-68, Exit 1, and 5 miles from I-68, Exit 7.

Signage
Storage Space

Recessed Lighting
Air Conditioning

1370 University Ave Marketing Flyer

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Don Knotts Blvd	Walnut St, SW	23,219	2022	0.05 mi
Beechurst Ave	Fayette St, S	21,502	2022	0.08 mi
University Ave	Reid St, NE	3,150	2022	0.08 mi
Walnut St	Chestnut St, NW	8,643	2022	0.09 mi
High St	Walnut St, SW	12,209	2022	0.10 mi
Fayette St	High St, NW	2,728	2022	0.12 mi
University Ave	Don Knotts Blvd, NE	24,670	2022	0.12 mi
Walnut St	High St, NW	12,267	2022	0.13 mi
Willey St	Chestnut St, SE	12,071	2022	0.14 mi
Pleasant St	Don Knotts Blvd, NW	7,282	2022	0.15 mi