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Walgreens 513 Stokes Dr 13,000 SF Retail Building Hinton, WV 25951 $2,056,509 CAD ($158.19 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Extremely Low Rent | Below Market
- Recent Renewal | Tenant Commitment | Walgreens recently executed one of its renewal options, reinforcing its commitment to this location
- The property generates an annual rent of just $105,690, significantly below market for a national drugstore operator
- Strong Reported Sales Volume | Though Walgreens seldom discloses unit-level performance
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Walgreens located at 513 Stokes Drive, Hinton, WV 25951. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.19-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 6/1/1998. The current annual rent is $105,690 and has scheduled increases of in options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,000 SF
Building Class
C
Year Built
1960
Price
$2,056,509 CAD
Price Per SF
$158.19 CAD
Cap Rate
7.25%
NOI
$149,097 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
228’ on Stokes Drive
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-8-00060004 | Improvements Assessment | $811,473 CAD |
| Land Assessment | $311,654 CAD | Total Assessment | $1,123,127 CAD |
Property Taxes
Parcel Number
04-8-00060004
Land Assessment
$311,654 CAD
Improvements Assessment
$811,473 CAD
Total Assessment
$1,123,127 CAD
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Walgreens | 513 Stokes Dr
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