885 Oakwood Rd Charleston, WV 25314

This exceptional investment opportunity presents a fee-simple ownership of a 12,035 square foot CVS Pharmacy located at 885 Oakwood Rd, Charleston, WV 25314. The property sits on a 1.32-acre lot and boasts a prime location 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 property benefits from excellent visibility and accessibility due to its location at a signalized intersection. The 2016-built building is currently 100% occupied under a corporate-guaranteed Absolute NNN lease with CVS Pharmacy, a credit-rated tenant (S&P BBB rating). The lease has 16 years remaining until January 1, 2041, with ten 5-year renewal options, and features future rent bumps based on fair market value after the first two option periods. This provides a guaranteed annual income of $269,989.56 for the next 16 years, with zero landlord responsibilities. 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. The asking price is $5,142,658, representing a 5.25% cap rate. This is an ideal property for a 1031 exchange due to its long-term lease, corporate guarantee, and zero landlord responsibilities.