215 State Route 34Hurricane, WV 25526

For Sale
$2,255,344

Walgreens-Leased Retail Property in WV

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a recently extended, absolute net lease retail property located at 215 State Route 34 in Hurricane, West Virginia. The property boasts a highly visible hard corner lot at the intersection of Highway 34 and Mount Vernon Road, benefiting from significant traffic exposure with over 27,500 vehicles passing daily. The tenant, Walgreens, is an investment-grade tenant with a BBB S&P credit rating, providing strong financial stability and security. This is an essential business that demonstrated its commitment to remaining operational even during the COVID-19 pandemic. The property features a four-year remaining lease term, offering long-term income potential. The building itself was previously a Rite Aid and underwent a conversion to a Walgreens location, a process that typically involves a $300,000 investment by Walgreens. The asking price for this turnkey retail investment is $2,255,344. Situated in Putnam County, WV, zip code 25526, the property benefits from its proximity to Teays Valley Hospital, a 70-bed facility with over 100 doctors, further enhancing its desirability and potential for future growth. This is a rare opportunity to acquire a stable, high-traffic retail property anchored by a creditworthy tenant in a growing West Virginia market. The property is zoned for commercial use and includes land.

Highlights

  • Exceptional investment opportunity: Recently extended, absolute net lease Walgreens property in Hurricane, WV.
  • High-visibility corner lot (Highway 34 & Mount Vernon Rd) with over 27,500 VPD.
  • Investment-grade tenant (Walgreens) with BBB S&P credit rating; four-year remaining lease term.
  • $2,255,344 asking price; located in Putnam County, WV (zip code 25526).
  • Proximity to Teays Valley Hospital enhances desirability and growth potential.

Location Insight

City
Hurricane
County
Putnam
State
West Virginia
Latitude
38.4537862
Longitude
-81.9725869
215 State Route 34, Hurricane, West Virginia

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215 State Route 34
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