Drive-Thru Rite Aid Absolute
1415 Cedar Road Chesapeake, VA 23322
For Sale
Contact for pricing
Pending
Absolute NNN, corporate-guaranteed Rite Aid with drive-thru features on a signalized corner with significant daily traffic.
Days on Market105
Property Features for 1415 Cedar Road
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
SRS Real Estate Partners New York
(480) 221-4221
Listed By:
Britt Raymond · License #NY 10491212709
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 1:56AM
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.
Fee simple opportunity offering an absolute NNN leased Rite Aid property with a corporate guarantee and zero landlord responsibilities. The site is drive-thru equipped and leased to Eckerd Corporation, which has approximately five years remaining in the initial term, along with four 5-year option periods to extend.
The property sits at a signalized hard corner intersection of Cedar Road/165 State Highway and Greens Edge Drive, with over 26,500 vehicles passing by each day. It benefits from significant highway frontage, strong visibility, and multiple points of access along both adjacent streets. Rite Aid is positioned just south of Tidewater Community College – Chesapeake Campus, which has over 31,308 students enrolled. Promenade at Cedar, a recently completed shopping center across the way, includes multiple new tenants, and other nearby national retailers include Walmart Supercenter, Farm Fresh, Dollar Tree, and AutoZone.
The property sits at a signalized hard corner intersection of Cedar Road/165 State Highway and Greens Edge Drive, with over 26,500 vehicles passing by each day. It benefits from significant highway frontage, strong visibility, and multiple points of access along both adjacent streets. Rite Aid is positioned just south of Tidewater Community College – Chesapeake Campus, which has over 31,308 students enrolled. Promenade at Cedar, a recently completed shopping center across the way, includes multiple new tenants, and other nearby national retailers include Walmart Supercenter, Farm Fresh, Dollar Tree, and AutoZone.
Key Highlights
- Fee simple acquisition of an absolute NNN leased Rite Aid investment with corporate guarantee (landlord has zero responsibilities).
- Drive‑thru equipped Rite Aid on a signalized hard‑corner location at Cedar Rd/165 State Highway & Greens Edge Dr.
- Tenant Eckerd Corporation has ~5 years remaining in the initial term with 4 (5‑year) option periods to extend.
Property Analytics
Location Intelligence
Current Use by Public Records
Rite Aid Pharmacy
Pharmacy
Chad R. Deuvall, ...
Pharmacy
Rite Aid
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Western Union
Bank
FAQs
What type of property is this?
NNN property - Absolute NNN, corporate-guaranteed Rite Aid with drive-thru features on a signalized corner with significant daily traffic.
Where is this nnn property located?
The property is located at 1415 Cedar Road Chesapeake, VA.
What are key features of this property?
This property features: Fee simple acquisition of an absolute NNN leased Rite Aid investment with corporate guarantee (landlord has zero responsibilities).; Drive‑thru equipped Rite Aid on a signalized hard‑corner location at Cedar Rd/165 State Highway & Greens Edge Dr.; Tenant Eckerd Corporation has ~5 years remaining in the initial term with 4 (5‑year) option periods to extend.
