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635 Main St W, Ripley, WV, 25271

Walgreens
$2,916,000

Key Information

Cap Rate
8.75%
$ per SF
$261
Tot. SF
2,916,000
Year Built
1999
Type
Apartments
NOI
$255,180

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.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # WVB250301071, WVB250301071 (WV)
Matthews Real Estate Investment Services of WV, LLC
300 Wharton Circle, 2nd Floor, Triadelphia, WV 26059