Walgreens
13,678 SF | Retail Building | Chesapeake, VA 23322 | $4,443,548 ($325/SF) | 6.20% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,443,548
- Property Type
-
Retail
- Square Feet
- 13,678 SF
- Price / Square Foot
- $325
Listing Contacts
Brian Pfohl
Verified Profile
Christopher Bosworth
Verified Profile
Thomas Carr
Verified Profile
Leah Lindell
Verified Profile
Kaitlyn Wolf
Verified Profile
Ryan Sciullo
Verified Profile
Abby Kelly
Verified Profile
- Property Info
Property Overview
CBRE is pleased to exclusively offer for sale the 13,678-square-foot Walgreens situated on 1.58 acres in Chesapeake, VA - a component of the Virginia Beach-Chesapeake-Norfolk, VA MSA (Population: 1.82M+). Walgreens’ NNN lease commenced in November 2023 and features ±14.6 years of term remaining with 5% rent increases every 5 years and in each of the twelve, 5-year renewal options.
Property Details
- Class
- C
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 70,567 SF
Highlights
- Brand New NNN Lease
- 5% Rent Increases Every 5 Years & in Each of the Twelve, 5-Year Renewal Options
- Located at the Hard Corner at the Signalized Intersection of S Battlefield Blvd (33,000 VPD) & Mt. Pleasant Rd (18,000 VPD)
- 16 Miles Southwest of Virginia Beach | MSA Population: 1.82M+
- Substantial Built-In Customer Base | Over 25,170 Households Within 3-Miles
- 8.6 MSF Retail, 5.2 MSF Office, 6.3 MSF Industrial & 8,939 Multifamily Units Within 3-Mile Radius
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].