Triple-Net Drug Store with
7912 Halprin Drive Norfolk, VA 23518
7912 Halprin Drive, Norfolk, VA, 23518
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For Sale
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Rite Aid on a signalized corner lot with drive-thru service and multiple ingress/egress points.
Property Size10,908 SF
Lot Size1.06 Acres
Days on Market103
Property Features for 7912 Halprin Drive
General Information
- Standard status
- Active
- Size
- 10,908 SF
- Lot size
- 1.06 Acres
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners New York
(704) 517-4712
Listed by
Britt Raymond · License #NY 10491212709
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 6:39PM Checked: Jul 21 at 6:39PM
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 New York
Investment Insights
Based on property information with market context.
This Rite Aid drug store is offered for sale as an absolute triple-net (NNN) lease. The property has 9.5+ years remaining on an original 25-year term, with five, five-year renewal options and 1.5% rent escalation per option. The site is developed on a 1.06-acre lot and includes a drive-thru window, providing dedicated customer service along with multiple points of ingress/egress.
The property is positioned on a signalized, hard-corner intersection with reported traffic exceeding 36,200 vehicles per day. It is located on East Little Creek Road, described as a major east-west thoroughfare connecting the Virginia Port Authority on the Elizabeth River to the Chesapeake Bay. The Rite Aid sits on a pad site to a shopping center that includes Dunkin’ Donuts, Wells Fargo, Save-A-Lot, and Hibbett Sports.
Additional nearby tenant mentions include Walgreens, 7-Eleven, BB&T, Family Dollar, DaVita Dialysis, Food Lion, and Marshalls. The remarks also cite three elementary schools and one middle school within one mile, along with surrounding demographic figures provided in the materials.
The property is positioned on a signalized, hard-corner intersection with reported traffic exceeding 36,200 vehicles per day. It is located on East Little Creek Road, described as a major east-west thoroughfare connecting the Virginia Port Authority on the Elizabeth River to the Chesapeake Bay. The Rite Aid sits on a pad site to a shopping center that includes Dunkin’ Donuts, Wells Fargo, Save-A-Lot, and Hibbett Sports.
Additional nearby tenant mentions include Walgreens, 7-Eleven, BB&T, Family Dollar, DaVita Dialysis, Food Lion, and Marshalls. The remarks also cite three elementary schools and one middle school within one mile, along with surrounding demographic figures provided in the materials.
Key Highlights
- 10,908 SF Rite Aid on a 1.06‑acre lot in Norfolk, Virginia
- Over 9.5 years remaining on an original 25‑year absolute triple‑net (NNN) lease
- Lease includes five, five‑year renewal options with 1.5% rent escalations
Property Analytics
Location Intelligence
Current Use by Public Records
Lewis Tharp
Pharmacy
Chi Huynh
Pharmacy
Amy M. Kam, ...
Pharmacy
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FAQs
What type of property is this?
NNN property - Rite Aid on a signalized corner lot with drive-thru service and multiple ingress/egress points.
Where is this nnn property located?
The property is located at 7912 Halprin Drive Norfolk, VA.
What are key features of this property?
This property features: 10,908 SF Rite Aid on a 1.06‑acre lot in Norfolk, Virginia; Over 9.5 years remaining on an original 25‑year absolute triple‑net (NNN) lease; Lease includes five, five‑year renewal options with 1.5% rent escalations
