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Off Market
1/3

2418 George Washington Memorial Hwy
Hayes, VA 23072


HIGHLIGHTS

  • Absolute NNN Lease with 15 Years of Lease Term
  • Proximity to Naval and Air Force Bases
  • Highly Trafficked Hwy Location
  • Major Retail Corridor
  • Large Site with Drive-Thru Pharmacy
  • Investment Grade Guaranty by Walgreen Co.

OVERVIEW

Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens property located at 2418 Highway 17, Hayes, Virginia (the “Property”). Walgreens is operating under the original lease structure, a 25-year absolute NNN lease with zero landlord responsibilities, allowing investors the ability to acquire a truly passive credit investment. The lease has 15 years remaining along with options that permit Walgreens to occupy the Property until 2085. Walgreens has been at this location since 2011.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

14820

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

16129