Walgreens | 615 Randolph Ave
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Walgreens 615 Randolph Ave
14,696 SF Retail Building Elkins, WV 26241 $4,446,000 ($303/SF) 7% Cap Rate
Investment Highlights
- Absolute Net Lease: Zero landlord responsibilities.
- High Placer.ai Score: Ranked 6th out of 69 Walgreens in West Virginia (Top 10%).
- Unique Medical Express Opportunity: One of only fifteen Walgreens featuring a Medical Express Urgent Care within the store.
- Corporate Guaranty (NASDAQ: WBA): Investment grade credit (S&P: BBB).
- Prime Signalized Corner: Situated on the busiest street in Elkins, WV.
- Strong National Retail Presence: Neighboring retailers include Kroger, McDonalds , CVS, Wendy’s, Dollar General, NAPA Auto Parts, and more.
Executive Summary
Excellent Single-Tenant Investment Opportunity
? Absolute Net Lease: Zero landlord responsibilities.
? Corporate Guaranty (NASDAQ: WBA): Investment grade credit (S&P: BBB).
? High Placer.ai Score: Ranked 6th out of 69 Walgreens in West Virginia (Top 10%).
? Prime Signalized Corner: Situated on the busiest street in Elkins, WV.
? Unique Medical Express Opportunity: One of only fifteen Walgreens featuring a Medical Express Urgent Care within the store.
? Strong National Retail Presence: Neighboring retailers include Kroger, McDonalds , CVS, Wendy’s, Dollar General, NAPA Auto Parts, and more.
Outstanding Location in Elkins, WV
? Growing Economy: Elkins benefits from a diverse economic base, including healthcare, education, and tourism.
? Tourism Hub: The city is a gateway to the Monongahela National Forest, attracting outdoor enthusiasts year-round.
? Stable Workforce: Elkins is home to Davis & Elkins College, providing a steady supply of educated talent and contributing to local economic stability.
? Infrastructure Investments: Recent improvements in transportation and community facilities enhance the city’s long-term growth potential.
? Absolute Net Lease: Zero landlord responsibilities.
? Corporate Guaranty (NASDAQ: WBA): Investment grade credit (S&P: BBB).
? High Placer.ai Score: Ranked 6th out of 69 Walgreens in West Virginia (Top 10%).
? Prime Signalized Corner: Situated on the busiest street in Elkins, WV.
? Unique Medical Express Opportunity: One of only fifteen Walgreens featuring a Medical Express Urgent Care within the store.
? Strong National Retail Presence: Neighboring retailers include Kroger, McDonalds , CVS, Wendy’s, Dollar General, NAPA Auto Parts, and more.
Outstanding Location in Elkins, WV
? Growing Economy: Elkins benefits from a diverse economic base, including healthcare, education, and tourism.
? Tourism Hub: The city is a gateway to the Monongahela National Forest, attracting outdoor enthusiasts year-round.
? Stable Workforce: Elkins is home to Davis & Elkins College, providing a steady supply of educated talent and contributing to local economic stability.
? Infrastructure Investments: Recent improvements in transportation and community facilities enhance the city’s long-term growth potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,696 SF
Building Class
C
Year Built
2004
Price
$4,446,000
Price Per SF
$303
Cap Rate
7%
NOI
$311,200
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.30
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
373 - Commercial
Parking
43 Spaces (2.93 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05-A-00020000 | Improvements Assessment | $1,385,400 |
| Land Assessment | $235,680 | Total Assessment | $1,621,080 |
PROPERTY TAXES
Parcel Number
05-A-00020000
Land Assessment
$235,680
Improvements Assessment
$1,385,400
Total Assessment
$1,621,080
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Walgreens | 615 Randolph Ave
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