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Walgreens 1201 Main St E 11,180 SF Retail Building Oak Hill, WV 25901 $1,682,051 ($150.45/SF) 9.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Proven Location: Walgreens assumed operations from Rite Aid in 2018, investing approximately $300,000 in conversion costs
- Strategic Rightsizing Driving Performance: Walgreens has closed a number of stores as part of a strategic rightsizing initiative
- Averages 10,041 Visits Per Month: Placing it in the 85th percentile for foot traffic among all Walgreens in West Virginia
- Surrounding Demand Drivers: Strategically located near US Highway 19 (24,535 VPD), Oak Hill High School, Fayette Institute of Technology Etc.
- Exceptionally Low Rent: 95th percentile nationwide with a current rent of $14.67 per sf
EXECUTIVE SUMMARY
In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00 BoR: Tom Gorman - Lic. WV #WVB23030087
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 11,180 SF
- $14.67
- Double Net
- Feb 2029
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 11,180 SF | $14.67 | Double Net | Feb 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-18-04660000 | Improvements Assessment | $278,820 |
| Land Assessment | $51,000 | Total Assessment | $329,820 |
PROPERTY TAXES
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Walgreens | 1201 Main St E
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