Colonial Heights Pharmacy
2000 Snead Ave Colonial Heights, VA 23834
For Sale
$295,000
Pending
Established pharmacy with drive-thru in high-traffic Colonial Heights.
Property Size765 SF
Days on Market95
Property Features for 2000 Snead Ave
General Information
Standard status
Pending
Size
765 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
One South Commercial
(434) 981-3146
Listed By:
Ann Schweitzer · License #0225211714
(434) 981-3146
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 28 at 8:59AM
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 One South Commercial
Investment Insights
Based on property information with market context.
Located on a prominent corner in Colonial Heights, the standalone pharmacy at 2000 Snead Avenue offers an opportunity to acquire an income-producing asset in a strong retail corridor. The building is approximately 765 square feet and features two drive-thru lanes and 10 parking spaces. The layout is suited for long-term pharmacy or service-oriented retail use. The property is offered as a NNN investment opportunity with approximately four years remaining on a five-year lease, providing income with limited landlord responsibilities. The site's location, accessibility, and long-term viability within the Colonial Heights market position it as an addition to any investor’s portfolio. The property combines durability, convenience, and positioning for sustained performance. The location has a walk score of 60, indicating it is somewhat walkable, and a bike score of 48, indicating it is somewhat bikeable.
Key Highlights
- NNN investment opportunity with approximately four years remaining on a five‑year lease, providing stable, predictable income.
- High‑visibility corner location in a strong retail corridor in Colonial Heights.
- Established standalone pharmacy with a long operating history.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.2k | $18.60 |
| − Vacancy | −$996 | −$1.30 |
| EGI | $13.2k | $17.30 |
| − OpEx | −$3.3k | −$4.32 |
| NOI | $9.9k | $12.97 |
765 SF · lease $18.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$141.8K
$124.1K – $165.4K
NOI $9,925 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$119.3K
$104.4K – $139.2K
NOI $8,349 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$176.7K
$154.7K – $206.2K
NOI $12,372 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Andrs Wellness Consulting — 2801 Boulevard D, Colonial Heights, VA 23834
- Colonial Heights Pharmacy — 2029 Boulevard, Colonial Heights, VA 23834
- Temple Avenue Pharmacy — 2000 Snead Ave, Colonial Heights, VA 23834
- Nathalie Heekin — 407 Highland Ave, Colonial Heights, VA 238343145
- Care Alternatives-Va Hospice — 2801 Boulevard, Colonial Heights, VA 23834
Frequently Asked Questions
What type of property is this?
Drug store - Established pharmacy with drive-thru in high-traffic Colonial Heights.
Where is this drug store located?
The property is located at 2000 Snead Ave Colonial Heights, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: NNN investment opportunity with approximately four years remaining on a five‑year lease, providing stable, predictable income.; High‑visibility corner location in a strong retail corridor in Colonial Heights.; Established standalone pharmacy with a long operating history.
