1201 Main St E - Drug Store FOR SALE


Oak Hill, WV 25901
$1,682,051 USD
312-448-7458
1201 Main St E, Oak Hill, WV for Sale
$1,682,051 USD
Drug Store - FOR SALE
1/5
null | 9.75% Cap Rate

1201 Main St E
Oak Hill, WV 25901


HIGHLIGHTS

  • Proven Location: Walgreens assumed operations from Rite Aid in 2018, investing approximately $300,000 in conversion costs
  • Surrounding Demand Drivers: Strategically located near US Highway 19 (24,535 VPD), Oak Hill High School, Fayette Institute of Technology Etc.
  • Strategic Rightsizing Driving Performance: Walgreens has closed a number of stores as part of a strategic rightsizing initiative
  • Exceptionally Low Rent: 95th percentile nationwide with a current rent of $14.67 per sf
  • Averages 10,041 Visits Per Month: Placing it in the 85th percentile for foot traffic among all Walgreens in West Virginia

OVERVIEW

Sands Investment Group is pleased to present the exclusive offering of a ±11,180 SF Walgreens located in Oak Hill, WV. This property features a double net (NN) lease with minimal landlord responsibilities and a dependable passive income stream. Originally constructed for Rite Aid and fully converted by Walgreens in 2018, they invested over $300,000 in capital improvements, underscoring their long-term commitment to the site. The lease includes four 5-year renewal options, each with scheduled rental increases. Strategically positioned along Oak Hill’s primary commercial corridor and surrounded by regional medical facilities, national retailers, and community amenities, the property benefits from steady traffic and consistent prescription demand. This offering presents an excellent opportunity to acquire a high-performing, net-leased property with strong fundamentals, minimal management, and durable long-term upside. In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00 BoR: Tom Gorman - Lic. WV #WVB23030087

FOR SALE DETAILS

PRICE

$1,682,051 USD

PRICE/SF

$150 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

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

B

APN/PARCEL ID

09-18-04660000

ASK ABOUT THIS PROPERTY

Kevin BlahaSands Investment GroupMore Info
312-448-7458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kevin BlahaSands Investment GroupMore Info
312-448-7458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.