Drug Store

Walgreens

215 WV-34, Hurricane, WV 25526

Listing Price: $2,460,000

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
4.00
Gross SF
10,572
Guarantor
Corporate Guarantee
Rentable SF
10,572
Price/Gross SF
$232.69
Lease Type
Absolute Net
Rent Per Square Feet
$17.45

Investment Overview

Marcus & Millichap is pleased to present the offering for a free-standing Walgreens located at 215 WV-34, Hurricane, West Virginia 25526. Built-in 1997, the property sits on +/- 1.01 acres and consists of a 10,525 square-foot building built to suit for Walgreens.
The Walgreens has recently extended with four-(4) years remaining on an absolute net lease, leaving the landlord with no responsibilities. The rent for this term commenced in August 1997 and will expire in September 2024. The current annual rent is $184,528 and is scheduled to increase to $202,981 during the first options. The current term is subject to two, five-year extension options.

Investment Highlights

  • Recently Extended | 4-Years of Term Remaining | Absolute Net Lease
  • Investment Grade Tenant (S&P Credit Rating: BBB)
  • Walgreens is an Essential Business Committed to Keeping Stores Open During Covid-19
  • Located on Hard Corner Lot of Highway 34 & Mount Vernon Road With Access & Exposure
  • Proximity to Teays Valley Hospital with 70 Beds and 100+ Doctors
  • 20-Minute Drive from Toyotas Largest Manufacturing Plant

Exclusively Listed By

Listing Price: $2,460,000

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
4.00
Gross SF
10,572
Guarantor
Corporate Guarantee
Rentable SF
10,572
Price/Gross SF
$232.69
Lease Type
Absolute Net
Rent Per Square Feet
$17.45

Investment Highlights

  • Recently Extended | 4-Years of Term Remaining | Absolute Net Lease
  • Investment Grade Tenant (S&P Credit Rating: BBB)
  • Walgreens is an Essential Business Committed to Keeping Stores Open During Covid-19
  • Located on Hard Corner Lot of Highway 34 & Mount Vernon Road With Access & Exposure
  • Proximity to Teays Valley Hospital with 70 Beds and 100+ Doctors
  • 20-Minute Drive from Toyotas Largest Manufacturing Plant

Investment Overview

Marcus & Millichap is pleased to present the offering for a free-standing Walgreens located at 215 WV-34, Hurricane, West Virginia 25526. Built-in 1997, the property sits on +/- 1.01 acres and consists of a 10,525 square-foot building built to suit for Walgreens.
The Walgreens has recently extended with four-(4) years remaining on an absolute net lease, leaving the landlord with no responsibilities. The rent for this term commenced in August 1997 and will expire in September 2024. The current annual rent is $184,528 and is scheduled to increase to $202,981 during the first options. The current term is subject to two, five-year extension options.

Exclusively Listed By

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