Triple-Net Drug Store with
For Sale
Contact for pricing
7912 Halprin Drive, Norfolk, VA 23518
Rite Aid on a signalized corner lot with drive-thru service and multiple ingress/egress points.
Property Size10,908 SF
Lot Size1.06 Acres
Days on Market124
Property Features for 7912 Halprin Drive
General Information
Standard status
Active
Size
10,908 SF
Lot size
1.06 Acres
Property subtype
Retail
Additional Details
Traffic Count
36,200 vehicles/day
Listing Agency:
SRS Real Estate Partners New York
(704) 517-4712
Listed By:
Britt Raymond · License #NY 10491212709
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 11:47AM
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 SRS Real Estate Partners New York
Investment Insights
Based on property information with market context.
This Rite Aid drug store is offered for sale as an absolute triple-net (NNN) lease. The property has 9.5+ years remaining on an original 25-year term, with five, five-year renewal options and 1.5% rent escalation per option. The site is developed on a 1.06-acre lot and includes a drive-thru window, providing dedicated customer service along with multiple points of ingress/egress.
The property is positioned on a signalized, hard-corner intersection with reported traffic exceeding 36,200 vehicles per day. It is located on East Little Creek Road, described as a major east-west thoroughfare connecting the Virginia Port Authority on the Elizabeth River to the Chesapeake Bay. The Rite Aid sits on a pad site to a shopping center that includes Dunkin’ Donuts, Wells Fargo, Save-A-Lot, and Hibbett Sports.
Additional nearby tenant mentions include Walgreens, 7-Eleven, BB&T, Family Dollar, DaVita Dialysis, Food Lion, and Marshalls. The remarks also cite three elementary schools and one middle school within one mile, along with surrounding demographic figures provided in the materials.
The property is positioned on a signalized, hard-corner intersection with reported traffic exceeding 36,200 vehicles per day. It is located on East Little Creek Road, described as a major east-west thoroughfare connecting the Virginia Port Authority on the Elizabeth River to the Chesapeake Bay. The Rite Aid sits on a pad site to a shopping center that includes Dunkin’ Donuts, Wells Fargo, Save-A-Lot, and Hibbett Sports.
Additional nearby tenant mentions include Walgreens, 7-Eleven, BB&T, Family Dollar, DaVita Dialysis, Food Lion, and Marshalls. The remarks also cite three elementary schools and one middle school within one mile, along with surrounding demographic figures provided in the materials.
Key Highlights
- 10,908 SF Rite Aid on a 1.06‑acre lot in Norfolk, Virginia
- Over 9.5 years remaining on an original 25‑year absolute triple‑net (NNN) lease
- Lease includes five, five‑year renewal options with 1.5% rent escalations
Property Analytics
Property Profile
Current Use
Lease Details
36,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 23%
Apparel 22%
Groceries 13%
Marshalls
Apparel
28,911 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
19,818 visits/mo
0.3 miles
Big Lots
Superstores
18,991 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,175 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,688 visits/mo
0.4 miles
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
Market
Vacancy Rate% for Retail in Norfolk, VA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Rite Aid on a signalized corner lot with drive-thru service and multiple ingress/egress points.
Where is this nnn property located?
The property is located at 7912 Halprin Drive Norfolk, VA.
What are key features of this property?
This property features: 10,908 SF Rite Aid on a 1.06‑acre lot in Norfolk, Virginia; Over 9.5 years remaining on an original 25‑year absolute triple‑net (NNN) lease; Lease includes five, five‑year renewal options with 1.5% rent escalations
