2902 Godwin Blvd - Drug Store FOR SALE
Suffolk, VA 23434 |
$4,000,000 USD
404-441-3849
2902 Godwin Blvd
Suffolk, VA 23434
HIGHLIGHTS
- Absolute NNN Lease
- Excellent Access & Visibility | Hard Corner at the Signalized Intersection of Godwin Blvd (22,000 VPD) and Kensignton Blvd (6,900 VPD)
- Top-Visited Location with Strong Sales | Top 16% of Walgreens Locations Nationwide (Placer.ai)
- Immediately Adjacent to Sentara Obici Hospital (175 Beds)
- Over 3,380 Households within 1 Mile | Built-In Customer Base
- Virginia-Norfolk-Newport News, VA-NC MSA Advantage (Population: 1.8M+)
OVERVIEW
CBRE is pleased to offer for sale the 14,847-square-foot Walgreens positioned on 1.99 acres in Suffolk, Virginia — part of the broader Virginia Beach-Norfolk-Newport News, VA-NC MSA (Population: 1.8M+). Walgreens’ absolute NNN lease features ±6.7 years of firm term remaining with the potential for up to 50 additional years of term (see OM for more detail).
FOR SALE DETAILS
PRICE
$4,000,000 USD
PRICE/SF
$270 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
72
LAND DETAILS
LAND ACRES
1.99 AC
LAND SF
86,684 SF
ZONING
C
APN/PARCEL ID
254000895
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404-441-3849
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404-441-3849
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