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CVS Pharmacy - Charleston, WV 885 Oakwood Rd 12,035 SF Retail Building Charleston, WV 25314 $3,857,000 ($320.48/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 15+ years remaining on an absolute triple net lease – zero landlord responsibilities.
- Prime location directly off U.S. Highway 119, which sees over 35,000 vehicles per day.
- Nearby tenants include: Dunkin', Kroger Fuel Center, Oakwood Terrace Apartment Complex, Starbucks, Exxon Fuel, Kroger, Rhino Self Storage, and more.
- The property is ideally situated on a 1.32-acre lot between Dunkin' and Kroger Fuel Center.
- Investment-grade credit / Fortune 500 company: lease corporately guaranteed by CVS Health, the 6th-ranked company in the Fortune 500.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 12,035 SF CVS Pharmacy located at 885 Oakwood Road in Charleston, WV. This deal includes 15+ years remaining on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities, providing a stable investment opportunity.
In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00
West Virginia Broker: Tom Gorman - Lic. WV #WVB23030087 | 304.742.2034 | 126 E. Burke Street - Martinsburg, WV 25401
In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00
West Virginia Broker: Tom Gorman - Lic. WV #WVB23030087 | 304.742.2034 | 126 E. Burke Street - Martinsburg, WV 25401
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,035 SF
Building Class
C
Year Built
2016
Price
$3,857,000
Price Per SF
$320.48
Cap Rate
7%
NOI
$269,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.32 AC
Frontage
134’ on Oakwood Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CVS
- Health Care and Social Assistance
- 12,035 SF
- $22.43
- Jan 2041
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CVS | Health Care and Social Assistance | 12,035 SF | $22.43 | Jan 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-11-00340000 | Improvements Assessment | $493,680 |
| Land Assessment | $377,520 | Total Assessment | $871,200 |
PROPERTY TAXES
Parcel Number
09-11-00340000
Land Assessment
$377,520
Improvements Assessment
$493,680
Total Assessment
$871,200
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CVS Pharmacy - Charleston, WV | 885 Oakwood Rd
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