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71 W Main St
Buckhannon, WV 26201
Absolute NNN | Next Walgreens 15 Miles Away · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- The next nearest Walgreens location is over 15 miles away.
- Located less than 1 mile from West Virginia Wesleyan College.
- Less than half a mile from the property, St. Joseph's Hospital is the only level IV trauma center in Buckhannon.
- The property is surrounded by national retail tenants such as Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply.
EXECUTIVE SUMMARY
We are pleased to market for sale the Walgreens property located at 71 W Main St, Buckhannon, WV 26201 ("The Property"). Walgreens has been operating at the site for 17 years and has over 2 years of firm term remaining before the 8 (5-year) option periods. Walgreens operates under a absolute triple net lease, which provides for no landlord obligations whatsoever.
The Property is uniquely positioned as the only Walgreens in Buckhannon, with the next nearest location over 15 miles away, making it a critical provider of pharmacy services to the surrounding community. Strategically located less than half a mile from St. Joseph's Hospital, the area's only Level IV trauma center, the Property benefits from a healthy customer base driven by 24/7 emergency and healthcare services.
The property is positioned on the main retail corridor in this market and is surrounded by numerous national retail tenants including Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply. This corridor is host to the only national big-box tenants in a 12-mile radius, drawing consumers from the neighboring markets. West Virginia Wesleyan College is located less than 1 mile from the Subject Property with over 1,050 students and a staff of over 135 employees further adding to the customer base at this location.
The Property is uniquely positioned as the only Walgreens in Buckhannon, with the next nearest location over 15 miles away, making it a critical provider of pharmacy services to the surrounding community. Strategically located less than half a mile from St. Joseph's Hospital, the area's only Level IV trauma center, the Property benefits from a healthy customer base driven by 24/7 emergency and healthcare services.
The property is positioned on the main retail corridor in this market and is surrounded by numerous national retail tenants including Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply. This corridor is host to the only national big-box tenants in a 12-mile radius, drawing consumers from the neighboring markets. West Virginia Wesleyan College is located less than 1 mile from the Subject Property with over 1,050 students and a staff of over 135 employees further adding to the customer base at this location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,907 SF
Building Class
B
Year Built
2008
Price
$5,010,998 CAD
Price Per SF
$420.84 CAD
Cap Rate
12%
NOI
$601,320 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.04 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 03-4-00140002 | Improvements Assessment | $722,824 CAD |
| Land Assessment | $310,961 CAD | Total Assessment | $1,033,785 CAD |
PROPERTY TAXES
Parcel Number
03-4-00140002
Land Assessment
$310,961 CAD
Improvements Assessment
$722,824 CAD
Total Assessment
$1,033,785 CAD
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