For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

885 Oakwood Rd Charleston, WV 25314

Sponsored
For Sale
$5,142,658

High-traffic CVS, long-term lease, strong income.

Property size:
12,035 SF

Description

Added:
Jan 24, 2025
Days on Market:
347
This exceptional investment opportunity presents a CVS Pharmacy drive-thru located in Charleston, West Virginia, at 885 Oakwood Rd, 25314. The property boasts a 12,035 square foot building situated on a 1.32-acre lot. A significant advantage is the remaining 16 years on a 25-year absolute NNN lease, eliminating all landlord responsibilities. This provides a guaranteed annual income of $269,989. The lease is backed by the investment-grade credit of CVS Health Corporation (S&P rated BBB), ensuring financial stability. This location benefits from exceptional visibility and accessibility, situated in a high-traffic retail corridor just one mile from downtown Charleston. Daily traffic counts on Highway 119 and Oakwood Drive exceed 43,000 vehicles. The surrounding area is densely populated, with over 71,000 residents within a 5-mile radius and an average household income exceeding $86,000. The property is surrounded by numerous national retailers, including Outback Steakhouse, Wendy's, Starbucks, Chase Bank, Truist Bank, First Watch, Walgreens, Kroger, and Dunkin' Donuts. This property is an ideal investment, offering a secure, long-term income stream with minimal management requirements. The strong tenant, long lease term, and prime location make this an attractive opportunity for investors seeking a stable and profitable addition to their portfolio.

Property Features for 885 Oakwood Rd

General Information

Property type
Other retail properties
Square Feet
12,035 SF
Price / Square Foot
$427
Class
C
Elevators
N/A
Net Rentable
12,035 SF
Lot Size
57,499 SF
Net Operating Income
$269,989

Building Details

Year Built
2016

HighLights

  • Guaranteed annual income of $269,989 for 16 years remaining on the lease.
  • 12,035 square foot CVS Pharmacy on 1.32 acres in high‑traffic Charleston location.
  • Strong tenant, CVS Health Corporation, with an investment‑grade credit rating.
Location Intelligence

Current Use by Public Records

CVS Photo Passport Photo Processor Kodak Passport Photo Processor CVS Drug Store Cheryl Brown Pharmacy CVS Pharmacy Pharmacy

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Charleston
State
West Virginia
Longitude
-81.664255
Latitude
38.342417

FAQs

What type of property is this?
Other retail property - High-traffic CVS, long-term lease, strong income.
Where is this other retail property located?
The property is located at 885 Oakwood Rd Charleston, WV.
What is the asking price?
The asking price for this property is $5,142,658.
What are key features of this property?
This property features: Guaranteed annual income of $269,989 for 16 years remaining on the lease.; 12,035 square foot CVS Pharmacy on 1.32 acres in high-traffic Charleston location.; Strong tenant, CVS Health Corporation, with an investment-grade credit rating.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message