Avison Young’s U.S. Capital Markets Group, as exclusive advisors to the owner, is pleased to present the opportunity to acquire a Walgreens in Virginia Beach, VA. Built in 2015, this offering is 13,904 square feet with a corporate guarantee from Walgreen Co. The property is situated at a signalized intersection on the corner of First Colonial Road & Laskin Road, seeing a combined traffic count of 70,000+ VPD. Demographics are excellent, especially with the Oceana Naval Air Station nearby, allowing this location to fill prescriptions for military personnel. This offering represents a rare chance to acquire an incredibly well-located asset with a drive-thru that is leased for 10+ years by a credit-worthy tenant.
- Signalized intersection with 70,000+ combined VPD at the intersection of First Colonial Road & Laskin Road
- Location has a beer and wine license
- 2015 build-to-suit construction with drive-thru pharmacy window Lease signed by Walgreens Boots Alliance (S&P: BB | Moody’s: Ba2)
- Excellent demographics – 134,375 residents and average household incomes of $107,695 within a 5-mile radius of the property
- Several nearby national retailers on the heavily trafficked corridor driving traffic to the property
- Close proximity to Oceana Naval Air Station so location fills prescriptions for military personnel