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    4238 W Hundred Rd Chester, VA 23836

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    For Sale
    $3,935,000

    Freestanding retail property with a long-term tenant and zero landlord responsibilities.

    Property size:
    14,820 SF
    Lot size:
    1.51 Acres

    Property Features for 4238 W Hundred Rd

    General Information

    Size
    14,820 SF
    Lot size
    1.51 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

    Freestanding Retail NNN Investment Opportunity

    This 14,820 square foot retail property is currently occupied by Walgreens, which serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico. The tenant has over 11 years remaining on their initial lease, with 8 (5-year) options to extend, demonstrating their commitment to the site. The tenant is responsible for CAM, taxes, insurance, and all aspects of premises maintenance, making this an ideal, management-free investment for a passive investor.
    Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Drug Store Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service Redbox Movie Rental Kiosk

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    CVS Pharmacy, CVS Pharmacy, Rite Aid Pharmacy, Angela Mitchell, Susan Yokley

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4462065
    Latitude
    37.3565608

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    FAQs

    What type of property is this?
    Drug store - Freestanding retail property with a long-term tenant and zero landlord responsibilities.
    Where is this drug store located?
    The property is located at 4238 W Hundred Rd Chester, VA.
    What is the asking price?
    The asking price for this property is $3,935,000.
    What are key features of this property?
    This property features: - Tenant has 11+ years remaining on initial lease with 8 (5-year) options to extend.; - Absolute NNN lease structure with no landlord responsibilities.; - Tenant (Walgreens) pays for CAM, taxes, and insurance.
    (202) 286-1542
    Request Owner's contact information
    4238 W Hundred Rd Chester, VA 23836
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    Chester, VA 23836
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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
    4238 W Hundred Rd Chester, VA 23836
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