Walgreens Drug
For Sale
Contact for pricing
1157 Azalea Ave, Richmond, VA 23227
Net-leased retail operation with minimal landlord responsibilities and access near I-95.
Property Size13,865 SF
Lot Size1.83 Acres
Days on Market143
Property Features for 1157 Azalea Ave
General Information
Standard status
Active
Size
13,865 SF
Lot size
1.83 Acres
Property subtype
Retail
Site & Location
Traffic Count
127,076 vehicles/day
Highway Access
Yes
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #IL - 478027307
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:13AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
The property comprises a ±13,865-square-foot Walgreens drug store on approximately ±1.83 acres. The asset is subject to a net lease structured with minimal landlord obligations, offering a straightforward operating profile for the owner. Its retail use is supported by a freestanding site and an established national tenant.
Located at 1157 Azalea Ave in Richmond, Virginia, the property sits just off I-95, which carries more than ±127,076 vehicles per day. The site is less than 10 miles north of Downtown Richmond and is positioned among single-family neighborhoods, apartment communities, and retirement housing. More than ±239,000 people and ±102,270 households are within a 5-mile radius.
The location is within a less-than-five-minute drive of multiple schools and within walking distance of Westminster Canterbury Retirement Community, which has approximately ±900 residents. Nearby activity centers include Brookhill Azalea Shopping Center, Lewis Ginter Botanical Garden, Maymont Nature Center, the Science Museum of Virginia, Children’s Museum of Richmond, and Richmond Raceway.
Located at 1157 Azalea Ave in Richmond, Virginia, the property sits just off I-95, which carries more than ±127,076 vehicles per day. The site is less than 10 miles north of Downtown Richmond and is positioned among single-family neighborhoods, apartment communities, and retirement housing. More than ±239,000 people and ±102,270 households are within a 5-mile radius.
The location is within a less-than-five-minute drive of multiple schools and within walking distance of Westminster Canterbury Retirement Community, which has approximately ±900 residents. Nearby activity centers include Brookhill Azalea Shopping Center, Lewis Ginter Botanical Garden, Maymont Nature Center, the Science Museum of Virginia, Children’s Museum of Richmond, and Richmond Raceway.
Key Highlights
- ±13,865‑square‑foot Walgreens drug store on ±1.83 acres
- Net lease with minimal landlord obligations
- Just off I‑95, which sees over ±127,076 vehicles per day
Property Analytics
Property Profile
Current Use
Lease Details
127,076 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23227, VA
25,283
Population
13,351
Households
1.9
Avg Household Size
45
Median Age
47%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,199
Density / Sq Mi
$70,537
Median Household Income
$45,315
Median Earnings
$1,306
Median Rent
$329,700
Median Home Value
Market
Vacancy Rate% for Retail in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Drug store - Net-leased retail operation with minimal landlord responsibilities and access near I-95.
Where is this drug store located?
The property is located at 1157 Azalea Ave Richmond, VA.
What are key features of this property?
This property features: ±13,865‑square‑foot Walgreens drug store on ±1.83 acres; Net lease with minimal landlord obligations; Just off I‑95, which sees over ±127,076 vehicles per day
