Walgreens NNN Property For
4238 W Hundred Rd, Chester, VA 23831
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NNN Walgreens property with over 11 years remaining on lease.
Type:Retail
Property size:
14,820 SFPrice / SF:
$259/SF- Added:
- Feb 2, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4238 W Hundred Rd
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Property subtype
- Retail
Listing agent Andrew Fallon License #PA RSR006585
Listing office SRS Real Estate Partners McLean (202) 286-1542
Listing date Feb 2, 2026
Source Crexi
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
HighLights
- 11+ years remaining on initial lease with options to extend to 2077, demonstrating long‑term tenant commitment.
- Absolute NNN lease with zero landlord responsibilities, offering a management‑free, passive investment.
- Located at a signalized, hard corner intersection with high traffic volume (46,000 VPD) and excellent visibility.
- Strong demographics: affluent area with over 85,000 residents and a $109,307 average household income within a 5‑mile radius.
- Excellent Placer.AI ranking, indicating a top‑performing store (Nationwide: 82nd Percentile, Virginia: 95th Percentile).
- Dense retail corridor with strong national/credit tenant presence, including Kroger, Target, and Home Depot, enhancing consumer traffic.
Overview
The Walgreens property has over 11 years remaining on its initial lease, with 8 (5-year) options to extend. Walgreens demonstrated commitment to the site in 2022 when they amended the lease to extend the primary term through May 31, 2037, with options to control the site until May 31, 2077. The property is an absolute NNN fee simple ownership with zero landlord responsibilities, where the tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. This is an ideal, management-free investment for a passive investor. The site is located in a dense retail corridor near Kroger, Target, Home Depot, Dunkin’, Ulta, HomeGoods, Hobby Lobby, and Lowe’s. The asset is near Thomas Dale High School (2,570 students), CE Curtis Elementary School (727 students), Hyde Park Townhomes and Ashton Creek Apartments. The property is located at the signalized, hard corner intersection of W Hundred Rd and Centre St with a combined 46,000 vehicles passing by daily. The site has direct on/off ramp access to Interstate 95, which averages 128,000 VPD. The asset has street frontage and a large monument sign. The trade area is supported by more than 85,000 residents and 37,000 employees, with an average household income of $109,307. The property size is 14,820 square feet.
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens
Pharmacy
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
Redbox
Cinema
Similar Places Nearby
- Rx3 Compounding Pharmacy — 12230 Iron Bridge Rd Ste C, Chester, VA 23831
- Todd Wagner, RPh — 4408 W Hundred Rd, Chester, VA 23831, United States
- Zenobia Hurdle — 4408 W Hundred Rd, Chester, VA 238311738
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.4462065
- Latitude
- 37.3565608
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN Walgreens property with over 11 years remaining on lease.
Where is this drug store located?
The property is located at 4238 W Hundred Rd Chester, VA.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: **11+ years remaining on initial lease with options to extend to 2077**, demonstrating long‑term tenant commitment.; **Absolute NNN lease with zero landlord responsibilities**, offering a management‑free, passive investment.; Located at a signalized, hard corner intersection with high traffic volume (46,000 VPD) and excellent visibility.
