Old Courthouse Square
Martinsburg, WV 25404
Triple BAR Group, along with J.C. BAR Properties, Triple Crown Corporation, and Weathervane Capital Partners acquired The Old Courthouse Square in the Fall of 2021. The Old Courthouse Square is a 203,360 square foot grocery-anchored community shopping center located in Martinsburg, West Virginia in the high regarded Washington D.C. PMSA.
The shopping square is anchored by a 39,177 square foot Martin’s grocery store. In August 2021, the grocer executed a brand new 10-year lease extension through 2033, demonstrating its long term commitment to the property. The lease features four additional five-year renewal options with $.50 PSF increases at the exercise of each.
The Old Courthouse Square has maintained a well-balanced mix of national, regional, convenience and necessity based tenants perfectly suited to serve the countless residential neighborhoods surrounding the property.
|Targeted Equity Multiple||2.5x|
|Targeted Investment Period||10 years|
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