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1201 Main St E
Oak Hill, WV 25901

$1,682,051 USD

Drugstore For Sale  •  11,180 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,180 SF
  • Lot Size 1.18 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 9.75 %
  • Tenancy Single
  • Zoning B
0 Transit Score
55 Walk Score

Highlights

Proven Location: Walgreens assumed operations from Rite Aid in 2018, investing approximately $300,000 in conversion costs
Surrounding Demand Drivers: Strategically located near US Highway 19 (24,535 VPD), Oak Hill High School, Fayette Institute of Technology Etc.
Strategic Rightsizing Driving Performance: Walgreens has closed a number of stores as part of a strategic rightsizing initiative
Exceptionally Low Rent: 95th percentile nationwide with a current rent of $14.67 per sf
Averages 10,041 Visits Per Month: Placing it in the 85th percentile for foot traffic among all Walgreens in West Virginia
Cap Rate: 9.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 11,180 SF 2/28/2029

Amenities

  • Pylon Sign
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Thomas Gorman 610-550-8884 Sands Investment Group
Thomas Gorman 610-550-8884 Sands Investment Group