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33280340
33280334

700 Northside Dr, Summersville, WV 26651 For Sale

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
Unpriced
5 days on market
Updated 5 days ago

CVS I No Competition I Submit all Offers

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 11,945
Net Rentable (SqFt) 11,945
Units 1
NOI $224,327
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Term 25.9
Lease Expiration 01/30/2035
Remaining Term 8.5
Rent Bumps Yes
Lease Options 10, 5-Year
Broker Co-Op Yes
Class A
Year Built 2009
Year Renovated 2009
Buildings 1
Stories 1
Acreage 2.070
Parking Spaces 65 spaces
Parking per 1,000 SqFt 5.44
Investment Type Net Lease
Lease Commencement 03/21/2009
Occupancy Date 03/21/2009
Ground Lease No
Ownership Fee Simple

2 Medical Facilities within 1-Mile I 5 National Hotels within 1-Mile

Marketing description

Passive Income —- Double Net (NN) Leased CVS With Minimal Responsibilities Located at the Heavily Trafficked Signalized Intersection of Northside Drive and U.S. 19 with More Than 18,500 Vehicles Passing Daily

Lease Term —- Lease Features Over 8.5 Years Remaining on the Base Term and 5 Percent Rent Increases in Each Option as a Hedge Against Inflation

Limited Competition —- This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability

Retail and Professional Corridor —- Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation’s Most Successful Retailers Including Walmart, Lowe’s, Sheetz, Wendy’s, KFC, Starbucks, Taco Bell, Advance Auto, and Many More

Medical Synergies —- Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base

Hotel Hub —- Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn

Listing Contacts

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
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$224,327.00
$18,693.92/mo

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Additional Information

Name
Grant Fitzgerald
License
WVB250301068
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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