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    2040 Atlantic Ave Chesapeake, VA 23324

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    For Lease
    $21 SF/Yr

    Former drug store with drive-thru at signalized intersection.

    Property size:
    13,813 SF
    Lot size:
    1.78 Acres

    Property Features for 2040 Atlantic Ave

    General Information

    Size
    13,813 SF
    Lot size
    1.78 Acres

    Source: Colliers | Norfolk Agent Chris Read

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building with Drive-Thru

    The subject property is a freestanding former drug store building with a drive-thru, situated at the signalized intersection of Atlantic Avenue and Campostella Road. It is located adjacent to a busy Food Lion center and surrounded by an abundance of retail establishments, including Dollar General, CVS, Dollar Tree, and AutoZone. The former Rite Aid offers excellent visibility to Atlantic Avenue. The building appears to be in generally good condition and features a grade-level roll-up door. Building and pylon signage are available. The property size is 13,813 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Rite Aid Drug Store Redbox Movie Rental Kiosk Western Union Money Transfer Service John Parker Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rite Aid Pharmacy, Rite Aid, MP Essentials LLC, John Parker, Carnell Hendrick, RPH

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.2611075
    Latitude
    36.7920215

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    FAQs

    What type of property is this?
    Drug store - Former drug store with drive-thru at signalized intersection.
    Where is this drug store located?
    The property is located at 2040 Atlantic Ave Chesapeake, VA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Located at a signalized intersection of Atlantic Avenue and Campostella Road with excellent visibility.; - Freestanding former drug store building with drive-thru.; - Adjacent to a busy Food Lion center and surrounded by retail including Dollar General, CVS, Dollar Tree, and AutoZone.
    (757) 450-5198
    Request Owner's contact information
    2040 Atlantic Ave Chesapeake, VA 23324
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    Chesapeake, VA 23324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2040 Atlantic Ave Chesapeake, VA 23324
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