Walgreens | Charleston, WV | NNN 15+ Year Lease

  • $7,150,000
655, West Washington Street, West Side, Charleston, Kanawha County, West Virginia, 25302, United States of America

Walgreens | Charleston, WV | NNN 15+ Year Lease

655, West Washington Street, West Side, Charleston, Kanawha County, West Virginia, 25302, United States of America
  • $7,150,000

Overview

Property ID: 18597
  • Property Type
  • Pharmacy Properties
  • 14
  • sqft

Description

Located at 655 West Washington Street, Charleston, West Virginia, this absolute NNN leased Walgreens property consists of a 14,820 sq.ft free-standing pharmacy with a drive-thru window that sits on a massive 1.80-acre parcel of land. Charleston is the capital of West Virginia and also the most populous city. It is also the cultural, recreational and business capital of the Appalachian Mountains. The subject property is well-positioned at the signalized intersection of West Washington Street and Lee Street West and sees a traffic count of over 19,462 vehicles per day. This Walgreens pharmacy serves over 70,702 residences that have an average annual household income of more than $71,367. Several national and regional retailers are also present in the immediate area, including Wendy’s, KFC, Kroger, Auto Parts, Advance Auto Parts, Autozone, Save-A-Lot, and Family Dollar.

 

Walgreens serves more than 8 million customers every day in communities across America, and provides the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services, and advice. Walgreens has its presence in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands and operates 8,100 drugstores. Both Walgreen Co. and Walgreens Boots Alliance, Inc. have a Standard Poor’s credit rating of BBB.

This investment property is suitable for a 1031 exchange.

Property Details – 

  • Property Type – Pharmacy Property
  • Property Status – Available
  • Location – 655, West Washington Street, West Side, Charleston, Kanawha County, West Virginia, 25302, USA
  • Year of Construction – N/A
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 14 years 1 month
  • Property Size – 14820 sq.ft.

Details

Updated on April 27, 2020 at 12:34 pm
  • Price: $7,150,000
  • Property Size: 14 sqft
  • Property Type: Pharmacy Properties
  • Property Status: Available
  • Cap Rate: 6.28%
  • Lease Expiration: 14 years 1 months
  • NOI: $449,000
  • Tenant: Walgreens
  • Address 655, West Washington Street, West Side, Charleston, Kanawha County, West Virginia, 25302, United States of America
  • City Charleston
  • State/county Kanawha
  • Zip/Postal Code 25302

Features

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Ronnie Issenberg
  • Ronnie Issenberg

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