Drug Store
Walgreens
3400 Dudley Ave, Parkersburg, WV 26104
Listing Price: $2,718,582
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 3400 Dudley Ave, Parkersburg, WV 26104. The site was constructed in 1996, consists of roughly 10,141 rentable square feet of building space and sits on an approximately 1.12 acre parcel of land. Walgreens is subject to a 24-year double-net (NN) lease, which commenced on February 9th 1996. Walgreens has the option to terminate the lease every five (5) years beginning 02/09/2031 The current annual rent is $149,522 and is scheduled to increase by 6.78% in February 2026 as well as every five years thereafter if tenant does not exercise their termination options.
Listing Price: $2,718,582
Investment Highlights
- Long-Term-9 Years Remaining on Lease with Three (3) Renewed –Five (5) Year Options, Bringing Lease Term Up to More Than 24 Years
- Double-Net (NN) Lease -Landlord Responsible for Roof & Structure
- Corporate Location, Corporate Guarantee
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 3400 Dudley Ave, Parkersburg, WV 26104. The site was constructed in 1996, consists of roughly 10,141 rentable square feet of building space and sits on an approximately 1.12 acre parcel of land. Walgreens is subject to a 24-year double-net (NN) lease, which commenced on February 9th 1996. Walgreens has the option to terminate the lease every five (5) years beginning 02/09/2031 The current annual rent is $149,522 and is scheduled to increase by 6.78% in February 2026 as well as every five years thereafter if tenant does not exercise their termination options.
