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Investment Highlights

  • Extremely Low Rent | Below Market
  • Recent Renewal | Tenant Commitment | Walgreens recently executed one of its renewal options, reinforcing its commitment to this location
  • The property generates an annual rent of just $105,690, significantly below market for a national drugstore operator
  • Strong Reported Sales Volume | Though Walgreens seldom discloses unit-level performance

Executive Summary

Bang Realty is pleased to present the exclusive listing for a Walgreens located at 513 Stokes Drive, Hinton, WV 25951. The site consists of roughly 13,000 rentable square feet of building space on an estimated 1.19-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 6/1/1998. The current annual rent is $105,690 and has scheduled increases of in options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Pharmacy
Property Size
13,000 sq ft
Costar Property Class
C
Year Built
1960
Price
£1,096,012
Price per sq ft
£84.31
Yield
7.25%
NOI
£79,461
Tenancy
Single
Number of Floors
1
Plot ratio
0.25
Total Plot Size
1.19 ac
Opportunity Zone
Yes
Use Class
C - Commercial
Frontage
228 ft on Stokes Drive

Amenities

  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • sq ft Occupied
  • Rent/sq ft
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry sq ft Occupied Rent/sq ft Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000
Somewhat walkable
20/100
Exceptionally drivable
100/100

Nearby Major Retailers

City National Bank of West Virginia
First Community Bank
Kroger

Property Taxes

Property Taxes

Parcel Number
04-8-00060004
Land Assessment
£165,418
Improvements Assessment
£430,708
Total Assessment
£596,126
  • Listing ID: 37109274

  • Date on Market: 04/08/2025

  • Last Updated:

  • Address: 513 Stokes Dr, Hinton, WV 25951

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