This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

948 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Rite-Aid 6150 Old College Dr

11,085 SF Retail Building Suffolk, VA 23435 $5,815,700 ($525/SF) 6.25% Cap Rate

Drug Stores Virginia Suffolk 6150 Old College Dr, Suffolk, VA 23435

Investment Highlights

  • Absolute NNN, no landlord responsibilities
  • Located in Hampton Roads MSA known for significant military presence; 5% of the region’s $81B gross regional output is defense-related.
  • Located in the Harbourview Retail submarket which contains approximately 1,005,000 SF of retail space
  • 11+ years remaining on original term with increases throughout (first begins in 2025)
  • 3-Mile Demographics: 58,777 Population; $113,014 Avg HH Income
  • Shared ingress/egress with a Kroger-anchored center

Executive Summary

RIPCO REAL ESTATE is pleased to of fer for sale 6150 COLLEGE DRIVE, an 11,085 SF single-tenant, absolute net leased retail building occupied by national drugstore chain, Rite Aid. The tenant has eleven (11) years remaining on the lease term, with rental increases throughout the term and option periods.

Attachments

RIPCO_6150 College Dr_Suffolk_OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,085 SF
Building Class
B
Year Built
2016
Price
$5,815,700
Price Per SF
$525
Cap Rate
6.25%
NOI
$363,481
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.43 AC
Zoning
Commercial
Parking
41 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
297 FT on College Dr

Amenities

  • Dedicated Turn Lane
  • Drive Thru
1 of 1
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

MOD Pizza
Village Inn
Skrimp Shack
Food Lion
iLoveKickboxing
CrossFit
Texas Roadhouse
IHOP
Starbucks
Kroger

PROPERTY TAXES

Parcel Number 304611600 Improvements Assessment $3,339,100
Land Assessment $1,293,600 Total Assessment $4,632,700

PROPERTY TAXES

Parcel Number
304611600
Land Assessment
$1,293,600
Improvements Assessment
$3,339,100
Total Assessment
$4,632,700
(727) 452-6864

Contacts

  • Listing ID: 30945198

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 6150 Old College Dr, Suffolk, VA 23435

More public record information on 6150 Old College Dr, Suffolk, VA 23435

The Retail Property at 6150 Old College Dr, Suffolk, VA 23435 is currently available for sale. Contact Ripco Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/11
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 1 of 11
6150 College Dr, Suffolk, VA_030 low res
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 2 of 11
RIPCO_6150 College Dr_Suffolk_OMv1
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 3 of 11
RIPCO_6150 College Dr_Suffolk_OMv12
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 4 of 11
RIPCO_6150 College Dr_Suffolk_OMv13
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 5 of 11
RIPCO_6150 College Dr_Suffolk_OMv14
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 6 of 11
6150 College Dr, Suffolk, VA_041 low res
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 7 of 11
Building Photo
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 8 of 11
6150 College Dr, Suffolk, VA_003 South low res
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 9 of 11
6150 College Dr, Suffolk, VA_018 low res
6150 Old College Dr, Suffolk, VA for sale Building Photo- Image 10 of 11
6150 College Dr, Suffolk, VA_048 low res

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Rite-Aid | 6150 Old College Dr
(727) 452-6864 x

Rite-Aid | 6150 Old College Dr

1/3

Ari Ravi

(727) 452-6864

(727) 452-6864

Nathan Timmons

(813) 921-5643

(813) 921-5643

Edward Kemp

(863) 289-0387

(863) 289-0387

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link