321 S Battlefield Blvd - Drug Store FOR SALE
Chesapeake, VA 23322 |
$4,443,548 USD
404-504-7900
321 S Battlefield Blvd
Chesapeake, VA 23322
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
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 ±14.0 years of term remaining with 5% rent increases every 5 years and in each of the twelve, 5-year renewal options.
FOR SALE DETAILS
PRICE
$4,443,548 USD
PRICE/SF
$325 USD /SF
CAP RATE
6.2%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
none
LAND ACRES
1.62 AC
LAND SF
70,524 SF
ZONING
B1
APN/PARCEL ID
0481001000020
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404-504-7900
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