Drug Store with Drive-Through
For Sale
Contact for pricing
Pending
3965 Holland Rd, Virginia Beach, VA 23452
Absolute NNN leasehold interest with 12 years remaining and scheduled 5% rent increases every five years.
Property SizeContact for details
Days on Market117
Property Features for 3965 Holland Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Aug 4 at 11:15AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is a drug store operating under an absolute NNN leasehold structure, with no landlord management or maintenance responsibilities. The offering is presented as a leasehold interest in the subject property improvements, subject to an underlying ground lease. The lease is reported to have 12 years remaining.
The lease includes scheduled 5% rent increases every five years during the original term and at renewal option periods, if exercised. The site is described as including a critical drive-through lane, designed to support service to customers in their vehicles.
All figures referenced for rentable area, lot size, guarantor, lease terms, building specifications, year built, and demographics are noted as estimates, and the buyer is responsible for verification during due diligence. Walgreens Boots Alliance is identified in the remarks as working with U.S. authorities during the COVID-19 pandemic; the tenant under the lease is described as a subsidiary, Walgreen Co., of Walgreens Boots Alliance, Inc.
The lease includes scheduled 5% rent increases every five years during the original term and at renewal option periods, if exercised. The site is described as including a critical drive-through lane, designed to support service to customers in their vehicles.
All figures referenced for rentable area, lot size, guarantor, lease terms, building specifications, year built, and demographics are noted as estimates, and the buyer is responsible for verification during due diligence. Walgreens Boots Alliance is identified in the remarks as working with U.S. authorities during the COVID-19 pandemic; the tenant under the lease is described as a subsidiary, Walgreen Co., of Walgreens Boots Alliance, Inc.
Key Highlights
- Absolute NNN leasehold interest with 12 years remaining
- Lease includes 5% rent increases every five years during the original term and renewal option periods
- Lease described as having no landlord management or maintenance responsibilities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
183k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 35%
Dining 26%
Home Improvements & Furnishings 1%
Kroger
Groceries
64,204 visits/mo
0.1 miles
Dollar Tree
Shops & Services
18,127 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
16,715 visits/mo
0.0 miles
Starbucks
Dining
13,273 visits/mo
0.2 miles
Burger King
Dining
13,154 visits/mo
0.1 miles
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Walgreens Pharmacy — 3965 Holland Rd, Virginia Beach, VA 23452
- Kroger Pharmacy — 3901 Holland Rd, Virginia Beach, VA 23452
- Ashlee S. Colvin, PharmD — 3809 Banyan Grove Ln, Virginia Beach, VA 23462, United States
- COVID-19 Drive-Thru Testing at Walgreens — 3965 Holland Rd, Virginia Beach, VA 23452
- Carina's Fab — 689 Grant Ave, Virginia Beach, VA 23452
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN leasehold interest with 12 years remaining and scheduled 5% rent increases every five years.
Where is this drug store located?
The property is located at 3965 Holland Rd Virginia Beach, VA.
What are key features of this property?
This property features: Absolute NNN leasehold interest with 12 years remaining; Lease includes 5% rent increases every five years during the original term and renewal option periods; Lease described as having no landlord management or maintenance responsibilities
