Logan’s Roadhouse

1310 N. Eisenhower Drive - Beckley WV 25801

LTV (Loan to Value)	65.00%	Current NOI	$334,861.00
Interest Rate	4.250%	Capital Rate	7.500%
Fixed Term	10 Years	Land Area	1.85 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,902,250.00	Property Type	Retail
Payment	$15,722.59	Property Lease	Food Service
Bulding Size	8,140 SF	Remaining Terms	11.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors 100% fee-simple interest in the Logan’s Roadhouse located in Beckley, West Virginia (the “Property”).This corporate Logan’s Roadhouse, Inc. net lease features more than eleven (11) years of remaining lease term, plus five (5), five (5) year option periods. Annual rental increases capped at 1.75% provide for yield growth through the primary term and renewal options. The lease is absolute net, requiring no landlord responsibilities whatsoever. Fee simple ownership of the land and building enables an investor to capitalize on depreciation of the improvements.The Logan’s Roadhouse is situated along Eisenhower Dr. (16,000 VPD) in Beckley’s core commercial corridor. An outparcel to a shopping center containing Walmart, Sam’s Club and Lowe’s, other national retailers in the immediate vicintiy include Kohl’s, Chick-Fil-A, Kroger, Chili’s, Panera, Sheetz, Walgreens and CVS.

Highlights

Long-Term, Absolute Net Lease – More than 11 years remain in the primary term of this 100% passive net lease…

Property Description

Beckley is a city and county seat of Raleigh County located in West Virginia. As of 2015, the population was 3,281. Two universities are located in Beckley: University of Charleston-Beckley and a branch campus of Concord University. Also located in Beckley is New River Community and Technical College. The nonprofit, nondenominational Appalachian Bible College is located just outside the city limits, in nearby Bradley. The city is the regional hub for over 100,000 Southern West Virginia residents. It is the eighth largest city in West Virginia, and is well known for two major tourist attractions: The Beckley Exhibition Coal Mine and Tamarack. Thanks largely to the creation of the New River Gorge National River and completion of Interstate 64, the region has rapidly developed tourist traffic. Tourism brings millions of dollars in direct sales to Raleigh County and the surrounding nine-county market each year. With increased activity of outdoor adventurers in whitewater rafting, ATV riding, mountain biking and fishing in the summer, skiing and hunting in the winter, the tourism industry has become a vital factor in the economy.