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 –