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Drug Store

Walgreens

3400 Dudley Ave, Parkersburg, WV 26104

Listing Price: $2,718,582

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
10,141
Lease Type
Double Net
Rent Per Square Feet
$14.74

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.

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

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

Listing Price: $2,718,582

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
10,141
Lease Type
Double Net
Rent Per Square Feet
$14.74

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.

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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