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406 Smoot Ave 9,600 SF Retail Building Danville, WV 25053 $1,395,000 ($145.31/SF) 8% Cap Rate
Investment Highlights
- Current Walgreens ranking above average for locations in the state.
- Highway accessibility to Rt 119
- Serving 24,000 Boone County Residents with close proximity to Boone Memorial Hospital
Executive Summary
Presenting this Absolute NNN Walgreens for sale, located at 406 Smoot Avenue, Danville, WV 25053.
• Early lease extension
• Over 3 years remaining on Lease with attractive Renewal Options
• Absolute NNN lease with no landlord responsibilities
• Corporate Guaranty, Rated BBB by S & P
• 23 Year operating history at this location
• Previously a Rite Aid location
• Serving over 24,000 Boone County residents
• Nearest Walgreens / CVS / Rite Aid are over 15 miles away, creating an under served retail market with limited competition
• Located at a signalized intersection
• Close to the new Boone Memorial hospital and near several State Parks with millions of annual visitors
• Pylon sign at parking lot entrance
• 159’ of frontage on Smoot Ave with 1 curb cuts
• Parking lot with 40 spaces
• 7,966 ADT on Smoot Ave (Rt 85)
• This Walgreens location ranks above average for Walgreens locations in the State and locally according to Placer.ai site visitor data
• Early lease extension
• Over 3 years remaining on Lease with attractive Renewal Options
• Absolute NNN lease with no landlord responsibilities
• Corporate Guaranty, Rated BBB by S & P
• 23 Year operating history at this location
• Previously a Rite Aid location
• Serving over 24,000 Boone County residents
• Nearest Walgreens / CVS / Rite Aid are over 15 miles away, creating an under served retail market with limited competition
• Located at a signalized intersection
• Close to the new Boone Memorial hospital and near several State Parks with millions of annual visitors
• Pylon sign at parking lot entrance
• 159’ of frontage on Smoot Ave with 1 curb cuts
• Parking lot with 40 spaces
• 7,966 ADT on Smoot Ave (Rt 85)
• This Walgreens location ranks above average for Walgreens locations in the State and locally according to Placer.ai site visitor data
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,600 SF
Building Class
C
Year Built
1997
Price
$1,395,000
Price Per SF
$145.31
Cap Rate
8%
NOI
$111,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.73 AC
Parking
40 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
159’ on Smoot Ave
Amenities
- Pylon Sign
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $169,380 | |
| Land Assessment | $208,980 | Total Assessment | $378,360 |
Property Taxes
Parcel Numbers
Land Assessment
$208,980
Improvements Assessment
$169,380
Total Assessment
$378,360
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406 Smoot Ave
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