1500 Piney Forest Rd - Drug Store FOR SALE


Danville, VA 24540
$4,500,000 USD
917-336-9067
1500 Piney Forest Rd, Danville, VA for Sale
$4,500,000 USD
Drug Store - FOR SALE
1/9
null | 8.67% Cap Rate

1500 Piney Forest Rd
Danville, VA 24540


HIGHLIGHTS

  • 11+ Years Remaining | Value-Add Opportunity | Drive-Thru Equipped
  • Signalized Intersection Location | Excellent Visibility
  • Dense Retail Corridor | Established National Brands
  • Proximity To Community Anchors
  • Direct Residential Consumer Base | Strong Demographics

OVERVIEW

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a dark Walgreens property located in Danville, Virginia. The asset offers approximately 11 years of remaining lease term, providing stable near-term in-place income. The tenant is currently dark, creating a compelling value-add opportunity through future re-tenanting or redevelopment. The existing drive-thru infrastructure enhances flexibility for a wide range of retail, restaurant, or medical users while reducing future redevelopment costs

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

8.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Dark) | Value-Add Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

HR-C

APN/PARCEL ID

55904

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.