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Drug Store

Walgreens

635 W Main St, Ripley, WV 25271

Listing Price: $3,925,999

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$22.83

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.

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

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

Drug Store

Walgreens

Listing Price: $3,925,999

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$22.83

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.

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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