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175 Philpot Ln
Glen Morgan, WV 25813

$2,297,081 USD

Medical For Sale  •  8,346 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,346 SF
  • Lot Size 1.31 AC
  • Building Class C
  • Year Built 1976
  • Cap Rate 6.75 %
  • Tenancy Single
10 Walk Score

Highlights

Acadia Healthcare (NASDAQ: ACHC) is a publicly traded behavioral healthcare company with an approximate market capitalization of $2.27 billion.
Beckley is the largest city in southern West Virginia and serves as a key economic and service hub for the surrounding Appalachian region.
Located 1 mile from Raleigh County Memorial Airport and 70 miles from West Virginia International Yeager Airport (CRW).
Dedicated methadone OTP clinics in southern West Virginia are limited, meaning many patients must travel ~30-60 minutes to regional hubs like Beckley.
Tenant has been in this location since 2016, operating under a grandfathered conditional use permit that would be difficult to replicate elsewhere.
~12 years lease term remaining with tenant paying $18.58/SF.
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Acadia Healthcare 8,346 SF 3/31/2038

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Thomas Gorman 610-550-8884 Sands Investment Group
Thomas Gorman 610-550-8884 Sands Investment Group