615 Randolph Ave | Elkins, WV 26241
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615 Randolph Ave
Elkins, WV 26241
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Lease: Long term, absolute NNN lease providing truly, passive ownership with no Landlord responsibilities.
- Rare MedExpress Attachment: The subject property is one of fifteen Walgreens across the country with a MedExpress Urgent Care attachment
- Centralized Hard-Corner: The subject property is located on the highest trafficked thoroughfare in the city with traffic counts exceeding 16K VPD
- Rare Rental Increases: This Walgreens has 5% increases every 5 years with ±11.68 years remaining and twelve, 5-year options with 5% increases.
- Investment-Grade Tenancy: Corporately guaranteed lease by an industry leading investment grad tenant (S&P: BBB).
- Strategic Location: Located directly next to Davis Medical Center, a major regional hospital.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,696 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
1.18 AC
Zoning
373 - Commercial
Parking
43 Spaces (2.93 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 05-A-00020000 | Improvements Assessment | $1,395,000 |
| Land Assessment | $250,740 | Total Assessment | $1,645,740 |
PROPERTY TAXES
Parcel Number
05-A-00020000
Land Assessment
$250,740
Improvements Assessment
$1,395,000
Total Assessment
$1,645,740
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