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Virtual Drive-By

Walgreens Absolute NNN

406 Smoot Avenue · Danville, WV 25053 · Pharmacy

Asking price
$1,395,000
Cap rate
8.00%
NOI
$111,602

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Lease

Lease typeAbsolute NNN
Term remaining
Expiration02/2029
Rent bumps
Options(4) 5-Year Options
Ground leaseNo
Credit profileCredit Rated
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 SF9,600
Price / SF$155
Year built1996
Lot size0.74 ac
TypePharmacy/Drug
Days on market76

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

  • ​Early lease extension
  • Over 3 years remaining on Lease with attractive Renewal Options
  • ​Absolute NNN lease with no landlord responsibilities
  • ​Corporate Guaranty, Rated BBB by S & P
  • ​23 Year operating history at this location
  • ​Previously a Rite Aid location
  • ​Serving over 24,000 Boone County residents
  • ​Nearest Walgreens / CVS / Rite Aid are over 15 miles away, creating an under served retail market with limited competition
  • ​Located at a signalized intersection
  • ​Close to the new Boone Memorial hospital and near several State Parks with millions of annual visitors
  • ​Pylon sign at parking lot entrance
  • ​159' of frontage on Smoot Ave with 1 curb cuts
  • ​Parking lot with 40 spaces
  • ​7,966 ADT on Smoot Ave (Rt 85)
  • ​This Walgreens location ranks above average for Walgreens locations in the State and locally according to Placer.ai site visitor data

Property overview

Presenting this Absolute NNN Walgreens for sale, located at 406 Smoot Avenue, Danville, WV 25053.​

Location Description

Signalized intersection in Danville near Boone Memorial Hospital and regional parks, serving an underserved retail market.​

Take the next step on this property

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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.