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Walgreens

1600 Main St, Follansbee, WV 26037

Listing Price: $3,993,704

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$20.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 1600 Main St. The site was constructed in 2006, consists of roughly 14,580 rentable square feet of building space and sits on an approximately 1.84-acre parcel of land. Walgreens is subject to a 4.2-year double-net (NN) lease, which commenced on March 6st, 2006. The lease has the potential to extend until 03/31/2056. The current annual rent is $299,528.

Investment Highlights

  • Double Net(NN) Lease with Minimal Landlord Responsibilities
  • 4.2 Years Remaining of Base Term with Six Tenant Renewal Option Periods Bringing Potential Lease Term up to 34.6 Years
  • Attractive Rental Increases During Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Auto Parts

Walgreens

Listing Price: $3,993,704

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
14,564
Lease Type
Double Net
Rent Per Square Feet
$20.57

Investment Highlights

  • Double Net(NN) Lease with Minimal Landlord Responsibilities
  • 4.2 Years Remaining of Base Term with Six Tenant Renewal Option Periods Bringing Potential Lease Term up to 34.6 Years
  • Attractive Rental Increases During Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 1600 Main St. The site was constructed in 2006, consists of roughly 14,580 rentable square feet of building space and sits on an approximately 1.84-acre parcel of land. Walgreens is subject to a 4.2-year double-net (NN) lease, which commenced on March 6st, 2006. The lease has the potential to extend until 03/31/2056. The current annual rent is $299,528.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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