Huntington Mall

THE ASSET
• Durable Income Stream: 100% leased to two national tenants with
long operating histories at the property and predictable, expensereimbursed 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

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 mixeduse redevelopment, and public improvements signal long-term
municipal commitment.