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.