1201 Main St E - Freestanding FOR SALE


Oak Hill, WV 25901
$1,366,755 USD
1201 Main St E, Oak Hill, WV for Sale
$1,366,755 USD
Freestanding - FOR SALE
1/5
null | 12% Cap Rate

1201 Main St E
Oak Hill, WV 25901


HIGHLIGHTS

  • Walgreens took over this location from Rite Aid in 2018 – on average they spend $300,000+ to convert locations
  • Walgreens is an investment grade rated tenant (Standard & Poor’s: BBB)
  • Drive-thru equipped location
  • Signalized intersection (Main Street East & Oyler Avenue)
  • Within proximity to US Highway 19 (22,478 VPD)
  • Tenants in the area include Tractor Supply Company, McDonald’s, O’Reilly Auto Parts, Dollar Tree, U-Haul, Chevrolet, Advance Auto Parts, and Others

OVERVIEW

Bang Realty is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Oak Hill, West Virginia. Walgreens assumed operations at this location from Rite Aid in 2018 who was operating since 2000. On average, Walgreens spends $300,000 to convert pharmacy locations into their prototype. The lease runs through February 2029 and features rental escalations in each of the four 5-year renewal options. This location features a drive-thru pharmacy as well. The 11,180 square foot building benefits from its location at the signalized intersection of Main Street East & Oyler Avenue. The area is supported by a number of nationally recognized tenants including Tractor Supply Company, McDonald’s, O’Reilly Auto Parts, Dollar Tree, U-Haul, Chevrolet, Advance Auto Parts, and several others. The subject property is also less than one mile from Fayette Institute of Technology and Oak Hill Highschool. This Walgreens location is also within proximity to US Highway 19 which experiences over 22,478 vehicles per day. Lastly, there are 21,227 people that live within seven miles of the property that earn $61,301 on average. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day.

FOR SALE DETAILS

PRICE

$1,366,755 USD

PRICE/SF

$122 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

-

APN/PARCEL ID

09-18-04660000

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