Walgreens Drive-Through Retail
For Sale
Contact for pricing
118 W Constance Rd, Suffolk, VA 23434
Corporate Walgreens tenancy features an absolute NNN structure, scheduled rent increases, and multiple renewal options.
Property SizeContact for details
Days on Market145
Property Features for 118 W Constance Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
28,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
KW Commercial Manassas
Listed By:
Ed Martin, CCIM · License #0225075345
(703) 330-2222
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 3:00PM
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 KW Commercial Manassas
Investment Insights
Based on property information with market context.
The property is occupied by Walgreens under a recently extended 15-year absolute NNN lease. Lease terms provide for no landlord obligations, a corporate Walgreens guaranty, 5% increases every 5 years, and twelve 5-year renewal options. The retail site includes a drive-through and occupies a hard-corner position at 118 W Constance Rd in Suffolk, Virginia.
The location fronts N Main Street, a major commercial thoroughfare reporting exposure to over 28,000 vehicles per day. A Walmart Supercenter is down the road, with McDonald's, Wendy's, AutoZone Auto Parts, Papa Johns Pizza, Arby's, and KFC among the nearby retailers. W Constance Rd provides direct access toward Norfolk.
The location fronts N Main Street, a major commercial thoroughfare reporting exposure to over 28,000 vehicles per day. A Walmart Supercenter is down the road, with McDonald's, Wendy's, AutoZone Auto Parts, Papa Johns Pizza, Arby's, and KFC among the nearby retailers. W Constance Rd provides direct access toward Norfolk.
Key Highlights
- 15‑year absolute NNN lease with zero landlord obligations
- Corporate Walgreens guaranty and recently extended lease
- 5% rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
184k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Superstores 15%
Shops & Services 13%
Hotels & Casinos 2%
Chick-fil-A
Dining
53,608 visits/mo
0.4 miles
Big Lots
Superstores
27,853 visits/mo
0.4 miles
McDonald's
Dining
25,151 visits/mo
Cook Out
Dining
21,483 visits/mo
0.4 miles
Dollar Tree
Shops & Services
12,347 visits/mo
0.4 miles
Demographics for 23434, VA
51,430
Population
21,764
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
206.8 sq mi
ZIP Area
249
Density / Sq Mi
$75,798
Median Household Income
$47,291
Median Earnings
$1,242
Median Rent
$293,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate Walgreens tenancy features an absolute NNN structure, scheduled rent increases, and multiple renewal options.
Where is this nnn property located?
The property is located at 118 W Constance Rd Suffolk, VA.
What are key features of this property?
This property features: 15‑year absolute NNN lease with zero landlord obligations; Corporate Walgreens guaranty and recently extended lease; 5% rent increases every 5 years
