Freestanding Drive-Thru Retail
For Sale
Contact for pricing
10 Willow Oaks Blvd, Hampton, VA 23669
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 Market256
Property Features for 10 Willow Oaks Blvd
General Information
Standard status
Active
Size
14,667 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Norfolk
(757) 490-3300
Listed By:
Chris Read
(757) 450-5198
Source:
Moodyscre
Added: Feb 6
Changed: Jul 21
Last Checked: Oct 19 at 6:28AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,705
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,100
$3.7M
Cap Rate 7%
$2,638,643
$2.6M
Cap Rate 9%
$2,052,278
$2.1M
Market Conditions
NOI Build-Up for 14,667 SF
Gross rent
$255.2K $17.40/SF
− Vacancy
−$8.9K −$0.61/SF
EGI
$246.3K $16.79/SF
− OpEx
−$61.6K −$4.20/SF
NOI
$184.7K $12.59/SF
Area
Hampton, VA
Vacancy
3.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,694,100
Cap Rate 7%
$2,638,643
Cap Rate 9%
$2,052,278
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
72k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 41%
Shops & Services 4%
Harris Teeter
Groceries
29,661 visits/mo
0.1 miles
McDonald's
Dining
22,859 visits/mo
0.2 miles
Burger King
Dining
13,282 visits/mo
0.1 miles
Dairy Queen
Dining
3,843 visits/mo
0.2 miles
Truist
Shops & Services
2,632 visits/mo
0.1 miles
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eiro Energy Drinks/Supplements — 422 Cedar Dr, Hampton, VA 23669
- Bradley Progar — 227 Fox Hill Rd #2, Hampton, VA 236691739
- Rite Aid Pharmacy — 10 Willow Oaks Blvd, Hampton, VA 23669
- Roslyn L. Monroe, PharmD — 227 Fox Hill Rd, Hampton, VA 23669
Frequently Asked Questions
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
