Drug Store

Virginia Beach, VA Drug Stores for Sale

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Triple-Net Walgreens Investment
Updated: Apr 10
Triple-Net Walgreens Investment

5305 Indian River Road, Virginia Beach, VA 23464

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14,820 sqft 2.01 AC lot
Walgreens retail building on an estimated 2.01‑acre parcel, constructed in 2005
Approximately 14,820 rentable SF building space
25‑year triple‑net (NNN) lease commenced June 1, 2005
$410,000 annual rent
Ten (10) five‑year tenant renewal options to extend total possible lease term to 75 years
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Drug Store with Drive-Through Lease
Updated: Apr 11
Drug Store with Drive-Through Lease

3965 Holland Rd, Virginia Beach, VA 23452

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Absolute NNN leasehold interest with 12 years remaining
Lease includes 5% rent increases every five years during the original term and renewal option periods
Lease described as having no landlord management or maintenance responsibilities
Ground lease is in place (details referenced on the Offering Highlights page)
Tenant: Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. (parent company does not guarantee the lease)
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See what stands out in Virginia Beach city

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Virginia Beach, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Freestanding Retail Building on NNN Lease
Freestanding Retail Building on NNN Lease

4261 E Little Creek Rd, Norfolk, VA 23518

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13,249 sqft 1.16 AC lot

Freestanding 13,249 SF retail building built in 2011 is leased under a 12-year NNN agreement with CVS Pharmacy, Inc.

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Freestanding Drug Store with Drive-Thru
Freestanding Drug Store with Drive-Thru

3701 Kecoughtan Rd, Hampton, VA 23669

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10,908 sqft

Freestanding former drug store building with drive-thru and a grade-level roll-up loading door on a signalized corner.

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Freestanding Drive-Thru Retail Building
Freestanding Drive-Thru Retail Building

10 Willow Oaks Blvd, Hampton, VA 23669

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14,667 sqft

Freestanding former drug store with a drive-thru configuration near Willow Oaks Shopping Center anchored by Harris Teeter.

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Vacant Drugstore Retail Building
Vacant Drugstore Retail Building

6135 East Virginia Beach Blvd, Norfolk, VA 23502

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Vacant former Rite Aid property available for sale as a retail drugstore building.

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Virginia Beach, VA Drug Stores Market Trends and Statistics

Explore 2 drug stores for sale in Virginia Beach, VA on our real estate platform. These investment opportunities span a total of 14,820 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 62
Storefront properties 26
Grocery and convenience stores 12
Automotive properties 7
Banks 5

Demographics Overview

Population 457K
Population Growth (5Y) +8.7%
Median Household Income $92,332
College Educated 30.2%

Taxes & Financing

Tax Rate (average for all types) 0.98%
Property Tax per SF $10.26 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Virginia Beach city

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Virginia Beach fall within the 100,000+ square foot range.

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