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Walgreens 3590 Virginia Ave

13,479 SF Retail Building Collinsville, VA 24078 $3,762,000 ($279/SF) 6.50% Cap Rate

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Investment Highlights

Great access & visibility from signalized corner intersection | Virginia Ave & King Mountain Rd | 36,000VPD combined
Absolute Net Lease | Zero landlord responsibilities
Top 74th percentile of Walgreens in Virginia per Placer.ai

New 15 Year Lease Extension | Showing tenant commitment to the site | Leased since 2008
Corporate lease | Walgreen Co | 8,886 locations across the US
Large parcel | 1.59 acres

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Collinsville, VA. We welcome your review of this attractive investment

Property Facts

Sale Type

Investment NNN

Sale Condition

Build to Suit

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,479 SF

Building Class

Year Built

2008

Price

$3,762,000

Price Per SF

$279

Cap Rate

6.50%

NOI

$244,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

1.59 AC

Zoning

Parking

70 Spaces (5.19 Spaces per 1,000 SF Leased)

Amenities

Pylon Sign

Signage

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
14,724 SF
-
Triple Net
Feb 2039

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.