856 S Military Hwy - Drug Store FOR SALE
Virginia Beach, VA 23464 |
856 S Military Hwy
Virginia Beach, VA 23464
HIGHLIGHTS
- ABS NET 15 YR LEASE & STRONG SALES - Walgreens extended lease to 15-yrs in August 2022 showing commitment to this location reporting strong sales.
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MSA - Virginia Beach has a population of ±1,500,000 and is the most populous city in VA.
- 23.6M SF OF RETAIL 5-MI RADIUS - Near ±23.6M SF of retail space and adjacent to 128K SF center anchored by Lion Food who renewed for 10 yrs.
- STRONG TRAFFIC & DEMOS - Located at intersection with combined traffic of 53,000 VPD; demos include ±110K HHs with ±282K residents in 5-mi radius.
- REGINAL MILITARY PRESENCE – Located ±6 mi SE of Naval Station Norfolk with more than 82K active-duty personnel and 39,000 civilians.
- NEAR DOLLAR TREE CORPORATE - Dollar Tree's corporate office is ±7 mi NE of subject property with ±1,900 employees on a 1.7M SF campus.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens Virginia Beach VA 15 Yrs NNN 5.5CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14739
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1456-24-0894
