804-353-7994
4261 E Little Creek Rd, Norfolk, VA for Sale
Drug Store - FOR SALE
1/7
null | 7.5% Cap Rate

4261 E Little Creek Rd
Norfolk, VA 23518
Camellia Shores


HIGHLIGHTS

  • Absolute NNN lease with 12 years remaining
  • Guaranteed by CVS Health Corp (BBB/Stable)
  • Prime signalized intersection with 30,000 VPD
  • High-income trade area with $116K+ household incomes
  • Across from major U.S. Navy base serving 15,000 personnel

OVERVIEW

Positioned at one of Norfolk’s most prominent intersections, this CVS-occupied property offers investors a rare opportunity to secure a long-term, passive income stream backed by investment-grade credit. The 13,249 SF free-standing building sits on 1.16 acres and benefits from exceptional visibility and traffic counts of approximately 30,000 vehicles per day. With an absolute NNN lease structure and 12 years remaining, ownership is truly hands-off, delivering predictable cash flow at a competitive 7.5% cap rate. The surrounding area features affluent demographics, with average household incomes exceeding $116,000 within a one-mile radius, and is anchored by the Joint Expeditionary Base Little Creek, a major U.S. Navy installation supporting over 15,000 personnel. This strategic location, combined with the strength of CVS Health Corp’s BBB/Stable credit rating, makes this asset an ideal choice for investors seeking stability and long-term growth in a thriving coastal market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C

APN/PARCEL ID

00809856

ASK ABOUT THIS PROPERTY

Byron HolmesPorter Realty Company, Inc.More Info
804-353-7994

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Byron HolmesPorter Realty Company, Inc.More Info
804-353-7994

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