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Walgreens | Charleston, WV | NNN 15+ Year Lease

655 W Washington St, Charleston, WV 25302, USA
$7,150,000

Description

Marcus & Millichap is pleased to present for sale this absolute NNN leased Walgreens located at 655 West Washington Street, Charleston in West Virginia. Charleston is the most populous city
in the state and the capital of West Virginia. Charleston West Virginia is The Cultural, Recreational and Business Capital of the Appalachian Mountains.
The subject property consists of 14,820 square feet and is situated on a large 1.80-acre-parcel of land with one full service, pharmacy drive-thru window. This Walgreens is strategically located at the signalized intersection of West Washington Street and Lee Street West, with daily traffic counts in excess of 19,462 vehicles per day and benefits from over 70,702 full time residences with a household income exceeding $71,367 annually.
There are numerous National and Regional retailers in the immediate area including Wendy’s, KFC, Kroger, Auto Parts, Advance Auto Parts, Autozone, Save-A-Lot and Family Dollar among others.
Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard Poor’s rating of BBB.

  • Walgreens Corporate Guarantee (NYSE: WAG) – Investment Grade Tenant (S&P BBB)
  • Absolute Triple Net Lease “No Landlord Responsibilities”
  • House Hold Income Exceeding $71,367 Annually
  • Dense Population – 70,702 Full Time Resident in Trade Area
  • Signalized Intersection with Traffic Count in Excess of 19,462 Vehicles Per Day
  • Drive-Thru Pharmacy

Property Documents

  • City: Charleston
  • Zip/Postal Code: 25302
  • Country: United States

Detail

  • Price: $7,150,000

Additional details

  • CAP Rate: 6.28%
  • NOI: $449,000

Features