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Walgreens | Absolute NN | FOR SALE

$1,000,000

69 Lewis Street, Whitesville, WV 25209

Active
Last Updated: 07/29/2024

6

Cap Rate

11,295 sqft

Details:
Cap Rate:    6%
:    11,295 sqft
Lease Type:    Double Net
Year Built:    1996
Price Per Sqft:    $89
Highlights:
  • ONLY MAJOR PHARMACY WITHIN 20 MILES– Also acts as the local grocery store
  • EXTREMELY HIGH STORE SALES – The rent to sales ratio is less than 2%. Contact broker for more information
  • FAVORABLE OPTION STRUCTURE THAT INCLUDES RARE RENTAL INCREASES – It is rare for a Walgreens lease to have rental increases
  • Over 28 Years Of Operating History
  • NEW ROOF IN 2022 – There is a 10 year manufacturer warranty
  • DRIVE THROUGH/STRATEGIC LOCATION – This Walgreens is a drive thru location. There is very limited nearby retail competition which helps drive higher revenue to this location
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Title
Offering Memorandum
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