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406 Smoot Ave
Danville, WV 25053
Retail Property For Sale
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 2 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 2 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
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
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
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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