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Drug Store

Walgreens - Whitesville

69 Lewis St, Whitesville, WV 25209

Listing Price: $925,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$5.37

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant pharmacy containing Walgreens (the “Property” or “Asset”) located in Whitesville, West Virgina. Walgreens is a leader in the pharmaceuticals industry, and is leasing the space for over 5 remaining years on a double net lease. The Property is positioned along the main highway (Interstate 3) through Whitesville. This offering presents the opportunity to acquire a stabilized, essential asset with a completely passive ownership structure for almost 6 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • Strong store sales with low rent to sales ratio of 2.7%
  • 5+ Years Remaining
  • Well located on a major road
  • Long term tenant has been in the building since 1996
  • Low price point, well below replacement cost
  • Essential Business
  • Re-branded with new logo and color scheme

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Drug Store

Walgreens - Whitesville

Listing Price: $925,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
11,180
Lease Type
Double Net
Rent Per Square Feet
$5.37

Investment Highlights

  • Strong store sales with low rent to sales ratio of 2.7%
  • 5+ Years Remaining
  • Well located on a major road
  • Long term tenant has been in the building since 1996
  • Low price point, well below replacement cost
  • Essential Business
  • Re-branded with new logo and color scheme

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant pharmacy containing Walgreens (the “Property” or “Asset”) located in Whitesville, West Virgina. Walgreens is a leader in the pharmaceuticals industry, and is leasing the space for over 5 remaining years on a double net lease. The Property is positioned along the main highway (Interstate 3) through Whitesville. This offering presents the opportunity to acquire a stabilized, essential asset with a completely passive ownership structure for almost 6 years and outstanding security in the value of the underlying real estate.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

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