5798 Mcclellan Hwy - Drug Store FOR SALE


Branchland, WV 25506
$1,457,793 USD
540-671-5721
5798 Mcclellan Hwy, Branchland, WV for Sale
$1,457,793 USD
Drug Store - FOR SALE
1/4
null | 7.25% Cap Rate

5798 Mcclellan Hwy
Branchland, WV 25506


HIGHLIGHTS

  • Easily accessible location.

OVERVIEW

Essential Service Retailer Anchored by Walgreens Boots Alliance (NASDAQ: WBA), a Fortune 30 company with $147.7B in revenue and 8,475+ global locations. • Absolute Net Lease – Zero Landlord Responsibilities Long-term NNN lease with Walgreens responsible for all operating expenses, taxes, insurance, roof, and structure. • Attractive Return Profile Offered at a 7.25% CAP Rate with a base rent of $105,690 annually, providing stable, predictable cash flow. • Built-in Rent Growth During Option Periods Future escalations include 17.8% increase in the first option period, followed by 10% bumps in subsequent options. • Proven Operating History This location has operated for decades and continues to serve a loyal customer base in the region. • Large Parcel with Surface Parking Situated on ±1.16 Acres with 50 parking spaces and a GLA of 11,440 SF, offering long-term redevelopment flexibility. • Established Community Location Serving the rural and underserved population in Branchland, WV – a key strategic fit for Walgreens’ rural health and pharmacy access initiative. • Fee Simple Ownership Clean title and 100% control of land and building. • Sales Reporting + Percentage Rent Lease includes recurring sales reporting and percentage rent kicker (2% of gross sales + 0.5% on food sales).

FOR SALE DETAILS

PRICE

$1,457,793 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

10 700040001

ASK ABOUT THIS PROPERTY

540-671-5721

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540-671-5721

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