Search
NNN Walgreens Property
For Sale
Contact for pricing

103 Commonwealth Blvd W, Martinsville, VA 24112

Walgreens facility with an NNN lease and an on-site MedExpress urgent care service.

Property SizeContact for details
Days on Market143

Property Features for 103 Commonwealth Blvd W

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Deerfield Partners
Listed By: Art Griffith · License #CA 01400709
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 11:28PM

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 Deerfield Partners

Investment Insights

Based on property information with market context.

This NNN retail property is occupied by Walgreens and includes an on-site MedExpress Urgent Care Services operation. The lease is backed by a full Walgreens corporate guaranty, providing a defined lease structure for an owner evaluating the asset.

The property is located at 103 Commonwealth Blvd W in Martinsville, Virginia. Martinsville sits approximately 50 miles from both Roanoke, Virginia, and Greensboro, North Carolina, with each drive taking about an hour. Charlotte, North Carolina, is approximately 130 miles away, or about a two-hour drive. Martinsville Speedway, which can accommodate up to 65,000 people, hosts two Winston Cup NASCAR races annually and brings more than 100,000 tourists to town.

Key Highlights

  • Walgreens‑occupied NNN property
  • Full Walgreens corporate guaranty
  • On‑site MedExpress Urgent Care Services

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Walgreens Pharmacy LibertyX Bitcoin ATM Atm COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,111
Businesses Nearby
299k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 42% Apparel 25% Shops & Services 14% Groceries 14%
Chick-fil-A Dining
41,201 visits/mo 0.1 miles
Kroger Groceries
40,306 visits/mo 0.2 miles
Marshalls Apparel
25,562 visits/mo 0.2 miles
McDonald's Dining
25,388 visits/mo 0.1 miles
Belk Apparel
18,944 visits/mo 0.3 miles

Demographics for 24112, VA

30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
NNN property - Walgreens facility with an NNN lease and an on-site MedExpress urgent care service.
Where is this nnn property located?
The property is located at 103 Commonwealth Blvd W Martinsville, VA.
What are key features of this property?
This property features: Walgreens‑occupied NNN property; Full Walgreens corporate guaranty; On‑site MedExpress Urgent Care Services
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message