Auto Parts
Walgreens
1600 Main St, Follansbee, WV 26037
Listing Price: $3,993,704
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.
Listing Price: $3,993,704
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.
