Freestanding Retail Building on NNN
For Sale
Contact for pricing
4261 East Little Creek Road, Norfolk, VA 23518
Freestanding 13,249 SF retail building built in 2011 is leased under a 12-year NNN agreement with CVS Pharmacy, Inc.
Property Size13,249 SF
Lot Size1.16 Acres
Days on Market87
Property Features for 4261 East Little Creek Road
General Information
Standard status
Active
Size
13,249 SF
Lot size
1.16 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Cap Rate
7.5%
Building Details
Year Built
2011
Buildings
1
Tenancy
Single
Listing Agency:
Porter Realty Company, Inc.
Listed By:
Byron W. Holmes · License #VA 0225067613
(804) 353-7994
Source:
Crexi
Added: Jun 15
Changed: Sep 8
Last Checked: Sep 7 at 11:29AM
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 Porter Realty Company, Inc.
Investment Insights
Based on property information with market context.
This freestanding retail building totals 13,249 SF and was built in 2011. The property sits on 1.16 acres and is offered as a 12-year NNN lease with CVS Pharmacy, Inc.
Located at 4261 E Little Creek Rd in Norfolk, VA 23518, the offering includes an indicated 7.5% cap rate based on the provided terms.
The property is structured as a specialty/drugstore-oriented retail asset with a long-term net lease in place, providing a straightforward buy-and-hold profile for qualified investors.
Located at 4261 E Little Creek Rd in Norfolk, VA 23518, the offering includes an indicated 7.5% cap rate based on the provided terms.
The property is structured as a specialty/drugstore-oriented retail asset with a long-term net lease in place, providing a straightforward buy-and-hold profile for qualified investors.
Key Highlights
- 13,249 SF freestanding retail building on 1.16 acres
- Built in 2011
- 12‑year NNN lease with CVS Pharmacy, Inc.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 34%
Shops & Services 20%
Electronics 3%
Food Lion Grocery Store
Groceries
28,061 visits/mo
0.0 miles
Starbucks
Dining
10,990 visits/mo
0.1 miles
Sushi King
Dining
8,325 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,082 visits/mo
0.2 miles
Qdoba Mexican Grill
Dining
7,147 visits/mo
0.1 miles
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
Market
Vacancy Rate% for Retail in Norfolk, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding 13,249 SF retail building built in 2011 is leased under a 12-year NNN agreement with CVS Pharmacy, Inc.
Where is this nnn property located?
The property is located at 4261 East Little Creek Road Norfolk, VA.
What are key features of this property?
This property features: 13,249 SF freestanding retail building on 1.16 acres; Built in 2011; 12‑year NNN lease with CVS Pharmacy, Inc.
