Freestanding Drug Store with
For Sale
Contact for pricing
3701 Kecoughtan Rd, Hampton, VA 23669
Freestanding former drug store building with drive-thru and a grade-level roll-up loading door on a signalized corner.
Property Size10,908 SF
Price / SF$265.86
Days on Market265
Property Features for 3701 Kecoughtan Rd
General Information
Standard status
Active
Size
10,908 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Downtown
Listing Agency:
Colliers | Norfolk
(757) 490-3300
Listed By:
Chris Read
(757) 450-5198
Source:
Moodyscre
Added: Feb 6
Changed: Oct 26
Last Checked: Oct 28 at 11:02AM
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 Colliers | Norfolk
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Investment Insights
Based on property information with market context.
The subject property is a freestanding former drug store building with drive-thru service. The building includes a grade-level roll-up loading door and features building signage and monument signage.
The site is located in the Wythe submarket of Hampton, Virginia, surrounded by dense residential communities. It is just down the street from Kecoughtan Shopping Center, which is anchored by Food Lion and other food uses. The property sits on a signalized hard corner and is described as highly visible.
Additional site features include signage and the drive-thru configuration, supporting retail operations that benefit from dedicated customer access.
The site is located in the Wythe submarket of Hampton, Virginia, surrounded by dense residential communities. It is just down the street from Kecoughtan Shopping Center, which is anchored by Food Lion and other food uses. The property sits on a signalized hard corner and is described as highly visible.
Additional site features include signage and the drive-thru configuration, supporting retail operations that benefit from dedicated customer access.
Key Highlights
- Freestanding former drug store building with drive‑thru
- Signalized hard‑corner location with building sign and monument signage
- Grade‑level roll‑up loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,367
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,340
$2.7M
Cap Rate 7%
$1,962,386
$2.0M
Cap Rate 9%
$1,526,300
$1.5M
Market Conditions
NOI Build-Up for 10,908 SF
Gross rent
$189.8K $17.40/SF
− Vacancy
−$6.6K −$0.61/SF
EGI
$183.2K $16.79/SF
− OpEx
−$45.8K −$4.20/SF
NOI
$137.4K $12.59/SF
Area
Hampton, VA
Vacancy
3.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,340
Cap Rate 7%
$1,962,386
Cap Rate 9%
$1,526,300
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,367 @ 7.0% cap · market cap 4.74%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,232 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,569 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
41k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Shops & Services 37%
Electronics 2%
Food Lion Grocery Store
Groceries
21,668 visits/mo
0.4 miles
Dollar Tree
Shops & Services
5,733 visits/mo
0.4 miles
7-Eleven
Shops & Services
5,190 visits/mo
0.0 miles
Dollar General
Shops & Services
3,828 visits/mo
0.4 miles
Virginia ABC
Groceries
3,719 visits/mo
0.3 miles
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Brandon Meekins — 3701 kecoughtan rd, hampton, va 236694405
- Rite Aid Pharmacy — 3701 Kecoughtan Rd, Hampton, VA 23669
- Cornell Jones — 3701 kecoughtan rd, hampton, va 236694405
- Douglas Lee — 3701 kecoughtan rd, hampton, va 236694405
- Joseph Manno — 3130 Victoria Blvd, Hampton, VA 236611544
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding former drug store building with drive-thru and a grade-level roll-up loading door on a signalized corner.
Where is this drug store located?
The property is located at 3701 Kecoughtan Rd Hampton, VA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Freestanding former drug store building with drive‑thru; Signalized hard‑corner location with building sign and monument signage; Grade‑level roll‑up loading door
