Freestanding Drive-Thru Retail
10 Willow Oaks Blvd Hampton, VA 23669
10 Willow Oaks Blvd, Hampton, VA, 23669
Contact for pricing
For Sale
Contact for pricing
Freestanding former drug store with a drive-thru configuration near Willow Oaks Shopping Center anchored by Harris Teeter.
Property Size14,667 SF
Price / SF$306.81
Days on Market165
Property Features for 10 Willow Oaks Blvd
General Information
- Standard status
- Active
- Size
- 14,667 SF
- Property subtype
- RETAIL
Properties For Sale
at 10 Willow Oaks Blvd Contact us
Listing agency
Colliers | Norfolk
(757) 450-5198
Listed by
Chris Read
(757) 450-5198
Source
Moodyscre
Added: Feb 6 Updated: Jul 21 at 7:12AM Checked: Jul 21 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk
Investment Insights
Based on property information with market context.
This freestanding former drug store building includes a drive-thru configuration. The property is presented for sale as a complete standalone retail asset.
Located in the Fox Hill submarket of Hampton and surrounded by mid to upper end residential communities. It sits across the street from Willow Oaks Shopping Center, which is anchored by Harris Teeter.
The offering includes the building as configured, supporting retail redevelopment or reuse where a drive-thru access feature is desired.
Located in the Fox Hill submarket of Hampton and surrounded by mid to upper end residential communities. It sits across the street from Willow Oaks Shopping Center, which is anchored by Harris Teeter.
The offering includes the building as configured, supporting retail redevelopment or reuse where a drive-thru access feature is desired.
Key Highlights
- Freestanding former drug store building with a drive‑thru configuration
- Located in the Fox Hill submarket of Hampton
- Across the street from Willow Oaks Shopping Center anchored by Harris Teeter
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.2k | $17.40 |
| − Vacancy | −$8.9k | −$0.61 |
| EGI | $246.3k | $16.79 |
| − OpEx | −$61.6k | −$4.20 |
| NOI | $184.7k | $12.59 |
14,667 SF · lease $17.40/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,705 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$2.19M
$1.92M – $2.56M
NOI $153,597 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,998 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CDReload - Online Bitcoin ...
Atm
Rite Aid
Pharmacy
Coinhub Bitcoin ATM ...
Atm
higi
Physician
Western Union
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Roslyn L. Monroe, PharmD — 227 Fox Hill Rd, Hampton, VA 23669
- Bradley Progar — 227 Fox Hill Rd #2, Hampton, VA 236691739
- Eiro Energy Drinks/Supplements — 422 Cedar Dr, Hampton, VA 23669
- Rite Aid Pharmacy — 10 Willow Oaks Blvd, Hampton, VA 23669
FAQs
What type of property is this?
Drug store - Freestanding former drug store with a drive-thru configuration near Willow Oaks Shopping Center anchored by Harris Teeter.
Where is this drug store located?
The property is located at 10 Willow Oaks Blvd Hampton, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Freestanding former drug store building with a drive‑thru configuration; Located in the Fox Hill submarket of Hampton; Across the street from Willow Oaks Shopping Center anchored by Harris Teeter
