Walgreens | Absolute NNN | FOR SALE
$2,255,344
215 State Route 34, Hurricane, WV 25526
For Sale
Retail
Active
Last Updated: 07/25/2024
9
Cap Rate
202,981
NOI
Details:
Cap Rate: 9%
NOI: $202,981
Building Size: 10,572 sqft
Lease Type: Absolute Net
Year Built: 1997
Price Per Sqft: $210
Highlights:
- Recently extended, over ±5 years of term remaining
- Affluent demographics, average household income is over $123,676 within 5 miles
- Located on a hard corner of Highway 34 & Mount Vernon Road with access & exposure to 27,500+ VPD
- Located in proximity to Teays Valley Hospital
- Conversion from Rite Aid – Walgreens typically spends $300,000 when converting an acquired pharmacy location
- Located within proximity to other national retailers such as Mcdonald’s, Kroger and Wendy's
- Walgreens is an Investment Grade Tenant (S&P Rating: BBB)
Documents:
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Offering Memorandum
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Location
Gallery
