Drug Store with Drive-Through
3965 Holland Rd Virginia Beach, VA 23452
3965 Holland Rd, Virginia Beach, VA, 23452
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For Sale
Contact for pricing
Pending
Absolute NNN leasehold interest with 12 years remaining and scheduled 5% rent increases every five years.
Days on Market102
Property Features for 3965 Holland Rd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Nashville
Listed by
Jason Hernandez · License #CA 01392646
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 9:06PM Checked: Jul 20 at 9:06PM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is a drug store operating under an absolute NNN leasehold structure, with no landlord management or maintenance responsibilities. The offering is presented as a leasehold interest in the subject property improvements, subject to an underlying ground lease. The lease is reported to have 12 years remaining.
The lease includes scheduled 5% rent increases every five years during the original term and at renewal option periods, if exercised. The site is described as including a critical drive-through lane, designed to support service to customers in their vehicles.
All figures referenced for rentable area, lot size, guarantor, lease terms, building specifications, year built, and demographics are noted as estimates, and the buyer is responsible for verification during due diligence. Walgreens Boots Alliance is identified in the remarks as working with U.S. authorities during the COVID-19 pandemic; the tenant under the lease is described as a subsidiary, Walgreen Co., of Walgreens Boots Alliance, Inc.
The lease includes scheduled 5% rent increases every five years during the original term and at renewal option periods, if exercised. The site is described as including a critical drive-through lane, designed to support service to customers in their vehicles.
All figures referenced for rentable area, lot size, guarantor, lease terms, building specifications, year built, and demographics are noted as estimates, and the buyer is responsible for verification during due diligence. Walgreens Boots Alliance is identified in the remarks as working with U.S. authorities during the COVID-19 pandemic; the tenant under the lease is described as a subsidiary, Walgreen Co., of Walgreens Boots Alliance, Inc.
Key Highlights
- Absolute NNN leasehold interest with 12 years remaining
- Lease includes 5% rent increases every five years during the original term and renewal option periods
- Lease described as having no landlord management or maintenance responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens
Cosmetic Store
Walgreens Pharmacy
Pharmacy
Redbox
Cinema
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 3965 Holland Rd, Virginia Beach, VA 23452
- Kroger Pharmacy — 3901 Holland Rd, Virginia Beach, VA 23452
- Ashlee S. Colvin, PharmD — 3809 Banyan Grove Ln, Virginia Beach, VA 23462, United States
- COVID-19 Drive-Thru Testing at Walgreens — 3965 Holland Rd, Virginia Beach, VA 23452
- Carina's Fab — 689 Grant Ave, Virginia Beach, VA 23452
FAQs
What type of property is this?
Drug store - Absolute NNN leasehold interest with 12 years remaining and scheduled 5% rent increases every five years.
Where is this drug store located?
The property is located at 3965 Holland Rd Virginia Beach, VA.
What are key features of this property?
This property features: Absolute NNN leasehold interest with 12 years remaining; Lease includes 5% rent increases every five years during the original term and renewal option periods; Lease described as having no landlord management or maintenance responsibilities
