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31535753
31535755

1000 New Stone Ridge Rd, Ripley, WV 25271 For Sale

DC
OH 009003618
Cooper Commercial Investment Group
BH
OH SAL.2006007277
Cooper Commercial Investment Group
Listed by Cooper Commercial Investment Group
$2,315,000
103 days on market
Updated 4 days ago

Fresenius Medical Care

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 6,387
Net Rentable (SqFt) 6,387
Cap Rate 6.25%
NOI $144,771
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius Medical Care
Lease Type Absolute NNN
Lease Term 11.8
Lease Expiration 12/30/2037
Rent Bumps Yes
Lease Options (3) 5-Year Options
Price per SqFt $362
Year Built 2006
Stories 1
Acreage 1.302
Parking Spaces 42 spaces
Parking per 1,000 SqFt 6.58
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/28/2017
Ground Lease No

Retail | 6.25% CAP | 6,387 SqFt

Marketing description

Ripley is where small-town charm meets strategic positioning in one of West Virginia’s most accessible and steadily growing corridors. Located along Interstate 77 between Charleston (38 miles) and Parkersburg (35 miles), Ripley benefits from strong regional connectivity while maintaining a tight-knit community atmosphere. As the county seat of Jackson County, the city serves as a central hub for commerce, healthcare, and local government, making it an ideal location for long-term investment. With a cost of living below national averages and a business-friendly environment, Ripley continues to attract both residents and employers seeking stability and growth.

The employment landscape in Ripley and the surrounding region is anchored by a diverse mix of manufacturing, energy, and service-based employers. Major contributors include companies such as Constellium (1,100 employees), a leading aluminum products manufacturer, and Appalachian Power (approx. 100 employees), along with a range of local healthcare, education, and retail employers. This diverse employment base supports a reliable workforce and consistent demand for essential services, positioning tenants like Fresenius for long-term success.

Education in Ripley is supported by the Jackson County School District, which serves the area with public schools including Ripley Elementary (625 students and faculty), Ripley Middle School (610 students and faculty), and Ripley High School (900 students and faculty). The district benefits from strong community involvement and supports long-term population stability. Additionally, nearby institutions such as West Virginia State University (approx. 46 miles South) and the University of Charleston (approx. 41 miles South) provide higher education and workforce development opportunities, all within a short drive.

Healthcare services in Ripley are supported by Jackson General Hospital (200+ employees, 25 beds), a critical access hospital that provides comprehensive care to the region. The presence of established healthcare infrastructure ensures continued demand for specialized medical services, further reinforcing the strength of the local market. Fresenius’ presence in the community addresses a vital and growing need, particularly as demand for dialysis services continues to rise nationwide.

The City of Ripley is well known for its community-driven events and attractions, most notably the annual Mountain State Art & Craft Fair, which draws visitors from across the region. Additional events and recreational amenities, including Cedar Lakes Conference Center and local parks, contribute to the area’s quality of life and regional appeal.

One of Ripley’s strongest advantages is its proximity to Charleston, the state capital, located approximately 38 miles to the south. Charleston serves as the economic and cultural center of West Virginia, with a diverse economy supported by government, healthcare, education, and energy sectors. Major employers in the region include Charleston Area Medical Center and West Virginia State Government, along with a variety of financial institutions and energy companies. The city also offers a wide range of amenities, including shopping, dining, and entertainment options.

Similarly, Ripley benefits from its proximity to Parkersburg, located approximately 35 miles to the north. Parkersburg’s economy is driven by manufacturing, chemicals, and healthcare, with major employers including DuPont and WVU Medicine Camden Clark Medical Center. The accessibility to these larger employment centers enhances Ripley’s position as a desirable place to live and work.

In addition to its access to larger metro areas, Ripley is surrounded by several smaller communities that contribute to the region’s economic stability and workforce. The combination of regional accessibility, strong employment drivers, and essential healthcare infrastructure makes Ripley a compelling location for investment, particularly for necessity-based tenants like Fresenius that are well-positioned to serve the community for years to come.

Investment highlights

  • Long-Term (11.75 yrs. Term) Absolute NNN Lease with Corporately Backed, Single-Tenant Medical Necessity Location, Fresenius Medical Care
  • Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide
  • Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away
  • Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer!
  • No Management Responsibilities: Tenant Directly Responsible for All Daily Management, Real Estate Taxes and Insurance
  • Convenient Location Directly off of I-77, Surrounded by Other Favorable Medical Users (Jackson General Hospital), Retailers (Walmart & Kroger), Restaurants, and Schools, with Traffic Nearing 35,000 Vehicles Per Day at Interchange Exit
  • Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius
  • Direct Vicinity (Less than 1 Mile) of Jackson General Hospital, a Critical Access Hospital with Approximately 200+ Employees Providing Comprehensive Care & a Stable Healthcare Employment Base to the Region
  • Strong Employment Base Anchored by Constellium (1,100 Employees) and Appalachian Power (Approx. 100 Employees), Supported by a Diverse Mix of Manufacturing, Energy, Healthcare, and Education Employers
  • Advantageous Location with Easy Commutes to Charleston, the State Capital (~38 Miles), & Parkersburg, WV (~35 Miles): Additional Employment, Major Attractions and Airports in Each City
  • County Seat Offering Below-National Cost of Living, Supporting Long-Term Affordability and Stability

Listing Contacts

DC
OH 009003618
Cooper Commercial Investment Group
BH
OH SAL.2006007277
Cooper Commercial Investment Group
Listed by Cooper Commercial Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$144,771.00
$12,064.25/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

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