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    7039 Mechanicsville Tpke Mechanicsville, VA 23111

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    For Sale
    $7,573,000

    Retail property with established tenant and long-term lease.

    Property size:
    14,550 SF
    Lot size:
    1.75 Acres

    Property Features for 7039 Mechanicsville Tpke

    General Information

    Size
    14,550 SF
    Lot size
    1.75 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

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

    Overview

    Retail Property with Long-Term Lease

    This retail property is currently occupied by Walgreens Co. The lease has over 10 years remaining, with 10 option periods of 5 years each to extend the lease term. The property is located just east of Interstate 295, a major north/south highway with an average daily traffic volume of 98,000 vehicles. The property has a size of 14,550 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Drug Store Walgreens Pharmacy Pharmacy Bitcoin Depot | BDCheckout Atm Macshelle Hays 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

    Walgreens Pharmacy, GNC, Walmart Pharmacy, Linda Corbin, Phillip T. Gibson, RPH

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.342786
    Latitude
    37.610783

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    FAQs

    What type of property is this?
    Drug store - Retail property with established tenant and long-term lease.
    Where is this drug store located?
    The property is located at 7039 Mechanicsville Tpke Mechanicsville, VA.
    What is the asking price?
    The asking price for this property is $7,573,000.
    What are key features of this property?
    This property features: - Corporate lease signed by Walgreens Co.; - Over 10 years remaining on the lease with option periods.; - Located just east of Interstate 295.
    (202) 286-1542
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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
    7039 Mechanicsville Tpke Mechanicsville, VA 23111
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