885 Oakwood RdCharleston, WV 25314

For Sale
$5,142,658
High-traffic CVS, long-term lease, strong income.

Overview

Added:
Jan 24
Days on market:
83
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.

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.

Property Details for 885 Oakwood Rd

Property type
Retail properties
Square Feet
12,035 SF
Price / Square Foot
$427.31
Class
C
Year Built
2016
Elevators
N/A
Net Rentable (sq. ft)
12,035 SF
Lot Size (sq. ft)
57,499 SF
Net Operating Income
$269,989

Location Insight

City
Charleston
County
State
West Virginia

FAQs

What type of property is this?
Retail property - High-traffic CVS, long-term lease, strong income.
Where is the 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.
How can I contact the broker?
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885 Oakwood Rd
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