71 W Main St - Drug Store FOR SALE


Buckhannon, WV 26201
$3,638,250 USD
513-300-0763
71 W Main St, Buckhannon, WV for Sale
$3,638,250 USD
Drug Store - FOR SALE
1/3
null | 12% Cap Rate

71 W Main St
Buckhannon, WV 26201


HIGHLIGHTS

  • The lease is an absolute NNN lease with zero landlord obligations whatsoever.
  • Less than half a mile from the property, St. Joseph's Hospital is the only level IV trauma center in Buckhannon.
  • The next nearest Walgreens location is over 15 miles away.
  • The property is surrounded by national retail tenants such as Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply.
  • Located less than 1 mile from West Virginia Wesleyan College.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 71 W Main St, Buckhannon, WV 26201 ("The Property"). Walgreens has been operating at the site for 17 years and has 2 years and 9 months of firm term remaining before the 8 (5-year) option periods. Walgreens operates under a absolute triple net lease, which provides for no landlord obligations whatsoever. The Property is uniquely positioned as the only Walgreens in Buckhannon, with the next nearest location over 15 miles away, making it a critical provider of pharmacy services to the surrounding community. Strategically located less than half a mile from St. Joseph's Hospital, the area's only Level IV trauma center, the Property benefits from a healthy customer base driven by 24/7 emergency and healthcare services. The property is positioned on the main retail corridor in this market and is surrounded by numerous national retail tenants including Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply. This corridor is host to the only national big-box tenants in a 12-mile radius, drawing consumers from the neighboring markets. West Virginia Wesleyan College is located less than 1 mile from the Subject Property with over 1,050 students and a staff of over 135 employees further adding to the customer base at this location.

FOR SALE DETAILS

PRICE

$3,638,250 USD

PRICE/SF

$243 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN | Next Walgreens 15 Miles Away

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

03-4-00140002

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.