Description

LHT Commercial Real Estate is proud to present this freestanding Walgreens located in Morgantown, the county seat of Butler County. Positioned on the southwest corner of West G. L. Smith Road and S. Tyler Street, the property benefits from traffic counts of more than 5,600 vehicles per day along West G. L. Smith Road. The 10,752-square-foot building sits on 1.52 acres and has operated at this location since opening in August 1997. The property is secured by an initial 20-year NNN lease term expiring September 30, 2027, followed by one five-year renewal option and one additional 10-year option. The investment generates annual rental income of $151,563 ($12,630.25 per month) and is offered at $2,500,000, reflecting a 6.06% cap rate—an attractive net-leased opportunity in a stable county-seat market.