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Drug Store

Walgreens | Low Price Point | Brand New Roof

126 12th St, Wellsburg, WV 26070

Listing Price: $2,400,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
11,440
Lease Type
Double Net
Rent Per Square Feet
$13.63

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for the Walgreens located at 126 12th Street in Wellsburg, WV. The subject property consists of 11,440-Square feet and is situated on approximately 1.17 Acres. The location features four points of ingress and egress with a large pylon sign and a double lane drive through pharmacy. There was a new roof installed in 2021 with a 20 year warranty. This location was converted from a Rite Aid in 2019. Walgreens is subject to a 10-year Double-Net (NN) lease extension, which commenced in 2017. According to Placer.ai, this location is ranked among the top 74% of 63 in the state of West Virginia and ranked #1 within a local 15 mile radius based on trailing twelve months of visitor data. There are 6 years remaining with three, 5-year renewal options and rental increases in each option. Landlord is only responsible for roof and structure.

Investment Highlights

  • Walgreens is Subject to a Double-Net (NN) Lease | Landlord is Only Responsible for Roof and Structure
  • Converted From a Rite Aid in 2019, New Roof Installed in 2021 With a 20 Year Warranty
  • Walgreens Typically Spends $300,000 When Converting an Acquired Pharmacy Location
  • Two, 5-Year Renewal Options with Rental Increases in Each Option
  • Excellent Visibility with Frontage Along Commerce Street Seeing 13,308 Vehicles Per Day
  • This Location Ranks #1 Within a 15-mile Radius Based on Number of Visits Trailing 12-Months – Placer.ai
  • Four Points of Ingress & Egress With a Double Lane Pharmacy Drive Through
  • This Walgreens Location is Licensed to Sell Alcohol

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Drug Store

Walgreens | Low Price Point | Brand New Roof

Listing Price: $2,400,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
11,440
Lease Type
Double Net
Rent Per Square Feet
$13.63

Investment Highlights

  • Walgreens is Subject to a Double-Net (NN) Lease | Landlord is Only Responsible for Roof and Structure
  • Converted From a Rite Aid in 2019, New Roof Installed in 2021 With a 20 Year Warranty
  • Walgreens Typically Spends $300,000 When Converting an Acquired Pharmacy Location
  • Two, 5-Year Renewal Options with Rental Increases in Each Option
  • Excellent Visibility with Frontage Along Commerce Street Seeing 13,308 Vehicles Per Day
  • This Location Ranks #1 Within a 15-mile Radius Based on Number of Visits Trailing 12-Months – Placer.ai
  • Four Points of Ingress & Egress With a Double Lane Pharmacy Drive Through
  • This Walgreens Location is Licensed to Sell Alcohol

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for the Walgreens located at 126 12th Street in Wellsburg, WV. The subject property consists of 11,440-Square feet and is situated on approximately 1.17 Acres. The location features four points of ingress and egress with a large pylon sign and a double lane drive through pharmacy. There was a new roof installed in 2021 with a 20 year warranty. This location was converted from a Rite Aid in 2019. Walgreens is subject to a 10-year Double-Net (NN) lease extension, which commenced in 2017. According to Placer.ai, this location is ranked among the top 74% of 63 in the state of West Virginia and ranked #1 within a local 15 mile radius based on trailing twelve months of visitor data. There are 6 years remaining with three, 5-year renewal options and rental increases in each option. Landlord is only responsible for roof and structure.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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