For Sale Commercial Real Estate Listings in Danville, West Virginia
FOR SALE * $2,850,000 * Retail * Danville, West Virginia * Full Listing
This investment opportunity consists of 2 absolute triple net leased Rite Aids, to be sold with an 11 year wrap-type mortgage* in place. The buyer will receive an annual 9.26% return on the required equity of $1,000,000. We offer these properties at $2,850,000 which is a 9.1% unleveraged cap rate on NOI of $259,360. Both properties must be purchased together.
These Rite Aids have no renewal options beyond the February 2019 lease expiration date. Although not required by lease, in November 2006 store managers reported annual sales of $690/SF for Wayne and $730/SF for Danville.
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