7039 Mechanicsville Tpke - Drug Store FOR SALE


Mechanicsville, VA 23111
$6,311,111 USD
202-847-4200
7039 Mechanicsville Tpke, Mechanicsville, VA for Sale
$6,311,111 USD
Drug Store - FOR SALE
1/6
null | 9% Cap Rate

7039 Mechanicsville Tpke
Mechanicsville, VA 23111


HIGHLIGHTS

  • LONG TERM LEASE
  • ZERO MANAGEMENT RESPONSIBILITIES
  • INVESTMENT GRADE CREDIT
  • STRATEGIC LOCATION
  • OUTSTANDING TRAFFIC COUNTS
  • STRONG DEMOGRAPHICS

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased, Walgreens located at 7039 Mechanicsville Turnpike in Mechanicsville, Virginia (the “Property). Walgreens has been at the Property since its construction in 2011 and has 10+ years remaining on an absolute triple-net lease with ten (10), 5-year renewal options. The Property occupies a highly visible corner location at the signalized intersection of Lee Davis Road and Mechanicsville Turnpike (US Route 360), one of the area’s most heavily traveled retail and commuter corridors. Benefiting from prominent frontage, dual access points, and strong daily traffic counts, the site offers excellent accessibility and exposure to consumers throughout the Mechanicsville trade area. Positioned as an outparcel to Hanover Village, a regional shopping destination anchored by Aldi and Tractor Supply Co, the Property also sits immediately adjacent to Publix, further reinforcing the corridor’s retail strength. The surrounding area features a significant concentration of national retailers, restaurants, service businesses, and nearby schools that collectively generate consistent consumer activity. Dense residential development throughout the surrounding neighborhoods provides a stable and affluent customer base, while convenient access to Interstate 295, located approximately 1.25 miles away, and proximity to Downtown Richmond, just 8.5 miles southwest, enhance the Property’s long-term commercial appeal and regional connectivity.

FOR SALE DETAILS

PRICE

$6,311,111 USD

PRICE/SF

$434 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

B3

APN/PARCEL ID

8714-98-2353

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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