919 W Mercury Blvd - Drug Store FOR SALE


Hampton, VA 23666- Coliseum Central
$4,444,329 USD
513-300-0763
919 W Mercury Blvd, Hampton, VA for Sale
$4,444,329 USD
Drug Store - FOR SALE
1/3
null | 7% Cap Rate

919 W Mercury Blvd
Hampton, VA 23666
Coliseum Central


OVERVIEW

We are pleased to market for sale the Walgreens property located at 919 W Mercury Blvd. in Hampton, Virginia ("The Property"). Walgreens has signed a new 15-year lease, showcasing their commitment to this high-traffic site. The lease includes 5% rent increases in the option periods with 8 (5-year) options. This opportunity allows investors to acquire a corporate-guaranteed location in a market with limited drugstore competition, as the next nearest Walgreens recently closed. Within a 10-mile radius, Placer.Ai ranks this store #1 out of five nearby Walgreens locations. The Property sits in a dense retail corridor with 4.7 million square feet of retail space within two miles, surrounded by national tenants like Kroger, Home Depot, Target, Walmart Supercenter, and At Home, plus a regional military presence of ±82,000 active-duty personnel from 15 installations, including Joint Base Langley-Eustis (±23,000 employees). The Property benefits from its location less than a mile from Interstate 64 (152,000 vehicles per day) and at an intersection with a combined traffic count of 67,000 vehicles per day, ensuring high visibility and access. Hampton’s role as a commercial hub is strengthened by its proximity to Joint Base Langley-Eustis and a dense retail environment, making this a stable investment with long-term value.

FOR SALE DETAILS

PRICE

$4,444,329 USD

PRICE/SF

$305 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 15 Yr Lease 5% Incr in Opts | Sales ±3.1M

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

CROSS STREETS

N. Armistead Avenue

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

C-1

APN/PARCEL ID

7001175

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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