Leased Retail Storefront
For Sale
Contact for pricing
3527 Lankford Hwy, Exmore, VA 23350
Verizon extended its lease by three years with options, and Virginia ABC has approximately six years remaining.
Property Size5,600 SF
Days on Market297
Property Features for 3527 Lankford Hwy
General Information
Standard status
Active
Size
5,600 SF
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | McLean
(202) 925-4205
Listed By:
Andrew Fallon · License #RSR006585
(202) 286-1542
Source:
Moodyscre
Added: Nov 20, 2025
Changed: Aug 14
Last Checked: Sep 13 at 11:51AM
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 | McLean
Investment Insights
Based on property information with market context.
This leased retail storefront property is currently occupied under two separate tenant leases, with Verizon and Virginia ABC both providing long-term income continuity. Verizon recently extended its initial lease an additional three years, along with three (3-year) options to extend. Virginia ABC has approximately six years remaining on its initial lease and one (5-year) option to extend. Rental increases are structured at 2% annually throughout the initial term and into the option periods.
Virginia ABC operates approximately 400 state stores and provides alcohol education and prevention programs. Verizon is headquartered in New York City and has a presence around the world; the company reported $134.8 billion in revenue for 2024.
Tenant responsibility includes paying for utilities, taxes, and insurance, with the tenant maintaining most. The property is located at 3527 Lankford Hwy, Exmore, VA 23350.
Virginia ABC operates approximately 400 state stores and provides alcohol education and prevention programs. Verizon is headquartered in New York City and has a presence around the world; the company reported $134.8 billion in revenue for 2024.
Tenant responsibility includes paying for utilities, taxes, and insurance, with the tenant maintaining most. The property is located at 3527 Lankford Hwy, Exmore, VA 23350.
Key Highlights
- Verizon recently extended its initial lease an additional 3 years, with 3 (3‑year) extension options
- Virginia ABC has approximately 6 years remaining on its initial lease, with 1 (5‑year) extension option
- 2% annual rental increases throughout the initial term and options thereafter
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Electronics 14%
Hotels & Casinos 6%
Groceries 6%
Dollar Tree
Shops & Services
7,848 visits/mo
0.1 miles
Dollar General
Shops & Services
5,985 visits/mo
0.2 miles
Verizon
Electronics
2,513 visits/mo
0.1 miles
Holiday Inn Express & Suites Exmore - Eastern Shore
Hotels & Casinos
1,120 visits/mo
0.2 miles
Virginia ABC
Groceries
1,102 visits/mo
0.1 miles
Demographics for 23350, VA
3,433
Population
1,866
Households
1.8
Avg Household Size
50
Median Age
29%
College-Educated
82%
High-School Grad
32.9 sq mi
ZIP Area
104
Density / Sq Mi
$51,667
Median Household Income
$36,483
Median Earnings
$674
Median Rent
$180,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Verizon extended its lease by three years with options, and Virginia ABC has approximately six years remaining.
Where is this storefront property located?
The property is located at 3527 Lankford Hwy Exmore, VA.
What are key features of this property?
This property features: Verizon recently extended its initial lease an additional 3 years, with 3 (3‑year) extension options; Virginia ABC has approximately 6 years remaining on its initial lease, with 1 (5‑year) extension option; 2% annual rental increases throughout the initial term and options thereafter
