513 Stokes Drive, Hinton, West Virginia - Walgreens | Absolute NNN | 6.50% CAP

CAP Rate: 6.50%
Current Annual Rent: $105,690
Gross Leasable Area: 13,000 SF
Price/SF(GLA): $125
Year Built: 1960
Lot Size: +/- 1.17 acres
Parking: 47 surface spaces
Zoning: Commercial

Property Highlights: 

• Fortune 30 Tenant
  Leased to Walgreens Boots Alliance (NASDAQ: WBA) – a publicly traded healthcare and retail leader with $147.7B in revenue and over 8,475 locations nationwide

• Absolute Net Lease –Zero Landlord Obligations
  Tenant is responsible for roof, structure, and all operating expenses, offering true passive ownership

• Strong Cash Flow with Long-Term Upside
  Priced at $1,626,000 with a 6.50% CAP Rate and annual rent of $105,690. Six (6) renewal options include 9.6% rent increases in each term, driving future yield expansion
  
  
• Sales Reporting & Percentage Rent Structure
  Lease includes sales reporting every 3 years and percentage rent components for additional upside
  
  
• Large Footprint on Hard Corner Site
  ±13,000 SF building on 1.17 acres with 47 surface parking spaces – highly functional layout for pharmacy or alternative retail use in future
  
  
• Established Community Asset
  Longstanding operation in Hinton, WV, fulfilling essential services in an underserved rural trade area
  
  
• Fee Simple Ownership
  Investor controls land and improvements outright – no ground lease or association restrictions
  
  
• Rent Escalations Drive CAP Rate Growth
  Projected CAP rate increases to 11.52%in final option, significantly enhancing long-term returns