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Walgreens 513 Stokes Dr 13,000 SF Retail Building Hinton, WV 25951 $1,457,793 ($112.14/SF) 7.25% Cap Rate
Investment Highlights
- Extremely Low Rent | Below Market
- Recent Renewal | Tenant Commitment | Walgreens recently executed one of its renewal options, reinforcing its commitment to this location
- The property generates an annual rent of just $105,690, significantly below market for a national drugstore operator
- Strong Reported Sales Volume | Though Walgreens seldom discloses unit-level performance
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Walgreens located at 513 Stokes Drive, Hinton, WV 25951. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.19-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 6/1/1998. The current annual rent is $105,690 and has scheduled increases of in options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,000 SF
Building Class
C
Year Built
1960
Price
$1,457,793
Price Per SF
$112.14
Cap Rate
7.25%
NOI
$105,690
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
228’ on Stokes Drive
Amenities
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-8-00060004 | Improvements Assessment | $572,880 |
| Land Assessment | $220,020 | Total Assessment | $792,900 |
Property Taxes
Parcel Number
04-8-00060004
Land Assessment
$220,020
Improvements Assessment
$572,880
Total Assessment
$792,900
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Walgreens | 513 Stokes Dr
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