1240 W Main St - Drug Store FOR SALE


Bridgeport, WV 26330
$5,013,333 USD
513-300-0763
1240 W Main St, Bridgeport, WV for Sale
$5,013,333 USD
Drug Store - FOR SALE
1/3
null | 7.5% Cap Rate

1240 W Main St
Bridgeport, WV 26330


HIGHLIGHTS

  • According to Placer.Ai, this Walgreens is the most visited location out of 10 stores in a 30-mile radius.
  • This Walgreens is positioned in the main retail corridor in Bridgeport with over 2.2 million sf of retail space within a 2-mile radius.
  • This Walgreens lease allows for approximately 4% rental increases every 10 years.
  • Approximately 2 years ago, Walgreens closed their only other location in Bridgeport directing customers to this location for their prescriptions.
  • This offering allows an investor the opportunity to assume the existing fully amortizing below market financing at a rate of 5.07%. (See Page 4 of OM)
  • This property benefits from its location on a signalized corner with approximately 38,000 VPD and is located just off Interstate 79.

OVERVIEW

Introducing the WALGREENS at 1240 WEST MAIN STREET in BRIDGEPORT, WV 26330, an exceptional investment opportunity in West Virginia! This property stands out as the top-performing Walgreens within a 30-mile radius, attracting the highest foot traffic according to Placer.Ai analytics. Strategically located in Bridgeport's prime retail corridor with over 2.2 million sf of retail space nearby, this is a coveted retail location. The lease features rental escalations of approximately 4% every 10 years, making it a lucrative long-term investment. Notably, this Walgreens is the preferred destination for prescriptions since becoming the sole Walgreens in Bridgeport. With assumable below-market debt and limited local competition, this property provides stable returns. Its convenient hours and prominent signalized corner location off Interstate 79 enhance its appeal. Offered at $5,013,333 with a strong cap rate of 7.50%, this investment promises a reliable income stream.

FOR SALE DETAILS

PRICE

$5,013,333 USD

PRICE/SF

$413 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

16-309-00760000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.