Drug Store
Walgreens
635 W Main St, Ripley, WV 25271
Listing Price: $3,925,999
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 635 Main. St. West, Ripley, WV 25271. The site constructed in 1999, consists of roughly 11,180 rentable square feet of building space and sits on an approximately 1.18-acre parcel of land. Walgreens is subject to a 5.6-year Double-net (NN) lease, which commenced on July 22nd, 1999. The lease has been extended until 08/31/2057. The current annual rent is $255,190 and is scheduled to increase throughout each of the six (6) – five (5) year tenant renewal option periods.
Listing Price: $3,925,999
Investment Highlights
- Long-Term, 5.6-Year Double Net (NN) Lease With Six (6) –Five (5) Year Renewal Options Brining Potential Lease Term Up to More Than 35 Years
- Attractive Rental Increases During Tenant Renewal Option Periods
- Corporate Location | Corporate Guarantee | Built in 1999
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 635 Main. St. West, Ripley, WV 25271. The site constructed in 1999, consists of roughly 11,180 rentable square feet of building space and sits on an approximately 1.18-acre parcel of land. Walgreens is subject to a 5.6-year Double-net (NN) lease, which commenced on July 22nd, 1999. The lease has been extended until 08/31/2057. The current annual rent is $255,190 and is scheduled to increase throughout each of the six (6) – five (5) year tenant renewal option periods.
