Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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