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Walgreens 109 E Main St

11,440 SF Retail Building Mannington, WV 26582 $2,422,514 ($212/SF) 7% Cap Rate

Drug Stores West Virginia Mannington 109 E Main St, Mannington, WV 26582

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 17+ Years
  • Approximately 2.4 Years Remaining

Executive Summary

Bang Realty is pleased to present the exclusive listing for a Walgreens located at 109 E Main St., Mannington, WV. The site consists of roughly 11,440 rentable square feet of building space on estimated 1.07-acre parcel of land.
This Walgreens is subject to a 20-year absolute triple-net (NNN) lease, which commenced October 18th, 1999. The current annual rent is $169,576. The lease has 3, 5-year renewal options remaining and has the potential to extend the lease until 10/31/2041.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,440 SF
Building Class
C
Year Built
1999
Price
$2,422,514
Price Per SF
$212
Cap Rate
7%
NOI
$169,576
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.07 AC
Frontage
280 FT on East Main Street

Amenities

  • Pylon Sign
  • Security System
  • Drive Thru
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PROPERTY TAXES

Parcel Number 13-7-00970000 Improvements Assessment $273,300
Land Assessment $113,640 Total Assessment $386,940

PROPERTY TAXES

Parcel Number
13-7-00970000
Land Assessment
$113,640
Improvements Assessment
$273,300
Total Assessment
$386,940
(513) 300-0763

Contact

  • Listing ID: 32376864

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 109 E Main St, Mannington, WV 26582

More public record information on 109 E Main St, Mannington, WV 26582

The Retail Property at 109 E Main St, Mannington, WV 26582 is currently available for sale. Contact Bang Realty for more information.

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Walgreens | 109 E Main St
(513) 300-0763 x

Walgreens | 109 E Main St

Brian Brockman

(513) 300-0763

(513) 300-0763

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