700 Northside Dr - Drug Store FOR SALE


Summersville, WV 26651
$3,204,671 USD
216-264-2060
700 Northside Dr, Summersville, WV for Sale
$3,204,671 USD
Drug Store - FOR SALE
1/3
null | 7% Cap Rate

700 Northside Dr
Summersville, WV 26651


OVERVIEW

Passive Income —- Double Net (NN) Leased CVS With Minimal Responsibilities Located at the Heavily Trafficked Signalized Intersection of Northside Drive and U.S. 19 with More Than 18,500 Vehicles Passing Daily Lease Term —- Lease Features Nearly 9 Years Remaining on the Base Term and 5 Percent Rent Increases in Each Option as a Hedge Against Inflation Limited Competition —- This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability Retail and Professional Corridor —- Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation’s Most Successful Retailers Including Walmart, Lowe’s, Sheetz, Wendy’s, KFC, Starbucks, Taco Bell, Advance Auto, and Many More Medical Synergies —- Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base Hotel Hub —- Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn

FOR SALE DETAILS

PRICE

$3,204,671 USD

PRICE/SF

$292 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

-

APN/PARCEL ID

08-33-00010000

ASK ABOUT THIS PROPERTY

Grant FitzgeraldMarcus & MillichapMore Info
216-264-2060

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Grant FitzgeraldMarcus & MillichapMore Info
216-264-2060

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