Bang Realty is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Oak Hill, West Virginia.
Walgreens assumed operations at this location from Rite Aid in 2018 who was operating since 2000. On average, Walgreens spends
$300,000 to convert pharmacy locations into their prototype. The lease runs through February 2029 and features rental escalations
in each of the four 5-year renewal options. This location features a drive-thru pharmacy as well.
The 11,180 square foot building benefits from its location at the signalized intersection of Main Street East & Oyler Avenue. The area
is supported by a number of nationally recognized tenants including Tractor Supply Company, McDonald’s, O’Reilly Auto Parts, Dollar
Tree, U-Haul, Chevrolet, Advance Auto Parts, and several others. The subject property is also less than one mile from Fayette Institute
of Technology and Oak Hill Highschool. This Walgreens location is also within proximity to US Highway 19 which experiences
over 22,478 vehicles per day. Lastly, there are 21,227 people that live within seven miles of the property that earn $61,301 on average.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global leader in retail
pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing
of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin
Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day.