Listed by NAI Burns Scalo
$1,395,000
Walgreens - Danville, WV
Details
APN 03-02-0004-0142-0000, 03-02-0004-0143-0001
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 9,600
Cap Rate 8.00%
NOI $111,602
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 02/27/2029
Lease Options (4) 5-Year Options
Price per SqFt $155
Year Built 1996
Year Renovated 2012
Acreage 0.740
Parking Spaces 40 spaces
Parking per 1,000 SqFt 4.17
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 8.0% CAP | 9,600 SqFt
Marketing description
Presenting this Absolute NNN Walgreens for sale, located at 406 Smoot Avenue, Danville, WV 25053.
Location Description
Signalized intersection in Danville near Boone Memorial Hospital and regional parks, serving an underserved retail market.
Investment highlights
- Early lease extension
- Over 3 years remaining on Lease with attractive Renewal Options
- Absolute NNN lease with no landlord responsibilities
- Corporate Guaranty, Rated BBB by S & P
- 23 Year operating history at this location
- Previously a Rite Aid location
- Serving over 24,000 Boone County residents
- Nearest Walgreens / CVS / Rite Aid are over 15 miles away, creating an under served retail market with limited competition
- Located at a signalized intersection
- Close to the new Boone Memorial hospital and near several State Parks with millions of annual visitors
- Pylon sign at parking lot entrance
- 159' of frontage on Smoot Ave with 1 curb cuts
- Parking lot with 40 spaces
- 7,966 ADT on Smoot Ave (Rt 85)
- This Walgreens location ranks above average for Walgreens locations in the State and locally according to Placer.ai site visitor data
Listing Contacts
Listed by NAI Burns Scalo
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,602.00
$9,300.17/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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