Photography available after free registration below
Virtual Drive-By
Walgreens NNN
635 Main St W · Ripley, WV 25271 · Convenience / Fuel
Asking price
$2,916,000
Cap rate
8.75%
NOI
$255,000
Need financing on this deal
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indicative terms, then package a lender memorandum. Takes about two minutes and we
will need your target leverage and timing.
Lease
Lease typeNNN
Term remaining2.0 yrs
Expiration08/2027
Rent bumps$40,000 increase on 9/1/2027, plus $11,180 every five years thereafter
Options—
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle
Planning a 1031 Exchange
Give us your relinquished sale close date and we will calculate your 45-day
identification and 180-day closing deadlines, track the clock, and surface matching
inventory before it expires. We coordinate directly with your Qualified Intermediary
and can introduce one if you have not yet engaged an exchange accommodator.
Investment Grade does not provide tax or legal advice.
Property
Building SF11,180
Price / SF$261
Year built1999
Lot size1.18 ac
TypeConvenience Store, Pharmacy/Drug, Storefront
Days on market38
Need year-one bonus depreciation
Building age, size and improvement mix drive how much of this asset a cost
segregation study can accelerate into year one. Tell us your tax year and entity
and we will model the deduction.
Investment highlights
DRIVE-THRU PHARMACY | ±11,180 SF - Freestanding Walgreens featuring a drive-thru pharmacy situated on a highly visible parcel along Ripley's primary retail corridor.
ATTRACTIVE RENT GROWTH - Lease features a substantial $40,000 rent increase during the first option period, followed by approximately $11,180 rent escalations every five years, providing strong long-term income growth.
STRATEGIC I-77 LOCATION - Positioned just off Interstate 77, the primary north-south corridor connecting Charleston and Parkersburg, with strong visibility along Ripley's primary commercial corridor (±20,000 VPD).
REGIONAL HEALTHCARE DEMAND DRIVER - Located near WVU Medicine Jackson General Hospital, a regional healthcare provider offering emergency care, surgery, cardiology, orthopedics, neurology, and specialty services, supporting consistent prescription demand.
ESTABLISHED NATIONAL RETAIL CORRIDOR - Surrounded by national retailers including Walmart Supercenter, Kroger, McDonald's, Taco Bell, Wendy's, Sheetz, and AutoZone, generating steady daily consumer traffic.
LIMITED PHARMACY COMPETITION - Walgreens is the only national pharmacy operator in Ripley, with the nearest Walgreens approximately 12 miles away. Walmart and Kroger pharmacies represent the only other major pharmacy competition within the trade area.
STEADY POPULATION GROWTH - The surrounding trade area has experienced stable population growth from 2020-2025, including approximately 1.6% annual growth within one mile, supporting long-term healthcare and retail demand.
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Asking-market observation aggregated from public listing sources, last
observed Sep 18, 2026.
Figures are asking price and asking cap rate as published by the listing party, not a
verified closed transaction. Lease terms shown where reported by the listing party and
not independently verified. Shown for market reference only; this is not an offering.
Investment Grade Income Property, LP represents buyers on a cooperating commission basis.