Single-Tenant Walgreens
856 S Military Hwy Virginia Beach, VA 23464
For Sale
Contact for pricing
Walgreens pharmacy offered for sale with a lease extended to a firm 15-year term and multiple renewal options.
Days on Market104
Property Features for 856 S Military Hwy
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 6:56AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
Pharma Property Group offers a Walgreens pharmacy property for sale in Virginia Beach, Virginia. The current lease has been extended to a firm 15-year term that began in August 2022, followed by nine (5-year) options. The location has more than 15 years of operating history and is reporting strong sales.
The property is positioned across the street from a Rite Aid drugstore and sits at the signalized intersection of S. Military Hwy and Indian River Road. The combined traffic count is stated as 53,000 vehicles per day, including approximately 139,000 VPD on S. Military Hwy and approximately 114,000 VPD on Indian River Road.
The listing also notes adjacency to the Belmont at Providence Apartments, a 312-unit apartment complex. Retail and residential population are described within a five-mile radius, along with nearby retail centers totaling approximately 23.6 million square feet.
The property is positioned across the street from a Rite Aid drugstore and sits at the signalized intersection of S. Military Hwy and Indian River Road. The combined traffic count is stated as 53,000 vehicles per day, including approximately 139,000 VPD on S. Military Hwy and approximately 114,000 VPD on Indian River Road.
The listing also notes adjacency to the Belmont at Providence Apartments, a 312-unit apartment complex. Retail and residential population are described within a five-mile radius, along with nearby retail centers totaling approximately 23.6 million square feet.
Key Highlights
- Walgreens in Virginia Beach, VA offered for sale with lease extended to a firm 15‑year term (extended in August 2022).
- Lease includes nine (5‑year) renewal options after the initial 15‑year term.
- Located at the signalized intersection of S. Military Hwy (±139,000 VPD) and Indian River Road (±114,000 VPD) with a combined ±53,000 vehicles per day.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Redbox
Cinema
Walgreens
Cosmetic Store
FedEx OnSite
Postal Service
Michelle R. Nappi, ...
Pharmacy
Similar Off Market Nearby
- CVS Pharmacy — 6099 Indian River Rd, Virginia Beach, VA 23464
- Teressa Anthony — 6095 Indian River Rd SUITE 201, Virginia Beach, VA 234643818
- Sheilah Walker — 6095 Indian River Rd SUITE 201, Virginia Beach, VA 234643818
- SkinOver Co. — 6507 Auburn Dr, Virginia Beach, VA 23464
- Sai Rong Wang — 901 Commonwealth Pl, Virginia Beach, VA 23464, United States
FAQs
What type of property is this?
Drug store - Walgreens pharmacy offered for sale with a lease extended to a firm 15-year term and multiple renewal options.
Where is this drug store located?
The property is located at 856 S Military Hwy Virginia Beach, VA.
What are key features of this property?
This property features: Walgreens in Virginia Beach, VA offered for sale with lease extended to a firm 15‑year term (extended in August 2022).; Lease includes nine (5‑year) renewal options after the initial 15‑year term.; Located at the signalized intersection of S. Military Hwy (±139,000 VPD) and Indian River Road (±114,000 VPD) with a combined ±53,000 vehicles per day.
