513 Stokes Dr - Drug Store FOR SALE


Hinton, WV 25951
$1,457,793 USD
513-300-0763
513 Stokes Dr, Hinton, WV for Sale
$1,457,793 USD
Drug Store - FOR SALE
1/2
null | 7.25% Cap Rate

513 Stokes Dr
Hinton, WV 25951


HIGHLIGHTS

  • Extremely Low Rent | Below Market
  • The property generates an annual rent of just $105,690, significantly below market for a national drugstore operator
  • Recent Renewal | Tenant Commitment | Walgreens recently executed one of its renewal options, reinforcing its commitment to this location
  • Strong Reported Sales Volume | Though Walgreens seldom discloses unit-level performance

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Walgreens located at 513 Stokes Drive, Hinton, WV 25951. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.19-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 6/1/1998. The current annual rent is $105,690 and has scheduled increases of in options.

FOR SALE DETAILS

PRICE

$1,457,793 USD

PRICE/SF

$112 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C

APN/PARCEL ID

04-8-00060004

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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