Triple-Net Walgreens
For Sale
Contact for pricing
Pending
5305 Indian River Road, Virginia Beach, VA 23464
Walgreens building on a 2.01-acre parcel, constructed in 2005, offered with a 25-year NNN lease.
Property Size14,820 SF
Lot Size2.01 Acres
Days on Market148
Property Features for 5305 Indian River Road
General Information
Standard status
Pending
Size
14,820 SF
Lot size
2.01 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Bryn Merrey · License #MD 646476
(202) 536-3700
Source:
Crexi
Added: Apr 10
Changed: Aug 24
Last Checked: Sep 2 at 12:44AM
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 - Washington, D.C.
Investment Insights
Based on property information with market context.
This Walgreens property was constructed in 2005 and is offered as a triple-net (NNN) investment with a long-term lease in place. The site includes approximately 14,820 rentable square feet of building space on an estimated 2.01-acre parcel of land. The property is leased to Walgreens under a 25-year NNN lease that commenced on June 1, 2005.
The lease provides ten (10) five-year tenant renewal options, extending the total possible lease term to 75 years. The property’s annual rent is $410,000. The listing is presented by Marcus & Millichap as an exclusive offering.
The lease provides ten (10) five-year tenant renewal options, extending the total possible lease term to 75 years. The property’s annual rent is $410,000. The listing is presented by Marcus & Millichap as an exclusive offering.
Key Highlights
- Walgreens retail building on an estimated 2.01‑acre parcel, constructed in 2005
- Approximately 14,820 rentable SF building space
- 25‑year triple‑net (NNN) lease commenced June 1, 2005
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
375k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 25%
Groceries 12%
Beauty & Spa 2%
Chick-fil-A
Dining
45,033 visits/mo
0.2 miles
Dollar Tree
Shops & Services
30,996 visits/mo
0.3 miles
Harris Teeter
Groceries
25,113 visits/mo
0.5 miles
McDonald's
Dining
20,534 visits/mo
0.2 miles
Aldi
Groceries
18,959 visits/mo
0.1 miles
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- GNC — 5020 Ferrell Pkwy, Virginia Beach, VA 23464
- Carol Hall — 5305 indian river rd, virginia beach, va 234645320
Frequently Asked Questions
What type of property is this?
Drug store - Walgreens building on a 2.01-acre parcel, constructed in 2005, offered with a 25-year NNN lease.
Where is this drug store located?
The property is located at 5305 Indian River Road Virginia Beach, VA.
What are key features of this property?
This property features: Walgreens retail building on an estimated 2.01‑acre parcel, constructed in 2005; Approximately 14,820 rentable SF building space; 25‑year triple‑net (NNN) lease commenced June 1, 2005
