Freestanding Drug Store with
3701 Kecoughtan Rd Hampton, VA 23669
For Sale
Contact for pricing
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 Market173
Property Features for 3701 Kecoughtan Rd
General Information
Standard status
Active
Size
10,908 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Norfolk
(757) 450-5198
Listed By:
Chris Read
(757) 450-5198
Source:
Moodyscre
Added: Feb 6
Changed: Jul 26
Last Checked: Jul 29 at 3:29PM
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
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 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 | $189.8k | $17.40 |
| − Vacancy | −$6.6k | −$0.61 |
| EGI | $183.2k | $16.79 |
| − OpEx | −$45.8k | −$4.20 |
| NOI | $137.4k | $12.59 |
10,908 SF · lease $17.40/SF/yr · vacancy 3.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Brandon Meekins — 3701 kecoughtan rd, hampton, va 236694405
- Joseph Manno — 3130 Victoria Blvd, Hampton, VA 236611544
- Douglas Lee — 3701 kecoughtan rd, hampton, va 236694405
- Rite Aid Pharmacy — 3701 Kecoughtan Rd, Hampton, VA 23669
- Cornell Jones — 3701 kecoughtan rd, hampton, va 236694405
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
