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Property profile & analytics
FOR LEASE
Drug stores

1458 Mount Pleasant Rd Chesapeake, VA 23322

14,563 SF 1.71 ac lot Built 2015
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-1821495
1458 Mount Pleasant Rd, Chesapeake, VA 23322 For Lease
Contact for pricing 9,851 SF available
1458 Mount Pleasant Rd, Chesapeake, VA 23322
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Property summary
AI-generated overview

This exceptional 14,618 square foot property, located at 1458 Mount Pleasant Road in Chesapeake, Virginia (zip code 23322), presents a unique opportunity for businesses seeking high-visibility retail, office, or restaurant space. Completely renovated in 2024, this single-story building offers flexible layouts with a minimum divisible space of 1,500 square feet and the potential to lease the entire 14,618 square feet contiguously. The property boasts a highly desirable storefront location at the fully signalized intersection of Mount Pleasant Road and Centerville Turnpike, benefiting from excellent visibility and high traffic counts exceeding 16,000 vehicles per day on Mount Pleasant Road and 14,000 vehicles per day on Centerville Turnpike. Two endcap spaces are available, one with a drive-thru suitable for a bank or similar business, and another ideal for a drive-thru restaurant. The property's strategic location is further enhanced by its proximity to Mt. Pleasant Marketplace, home to major retailers such as Kroger, Wendy's, and Taco Bell, and a Food Lion center directly across the street. Monument signage ensures maximum brand exposure. This property offers strong potential for success, given the high average household income and number of households within a five-mile radius. The entire space is currently vacant, providing an immediate opportunity for occupancy.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2015
Total area 14,563 SF
Lot 1.71 ac (74,313 SF)
Zoning code B2: GENERAL BUSINESS
APN 490000001670
UPID US87-1821495
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rite Aid Pharmacy
  • Coinhub Bitcoin ATM Teller Atm
  • Rite Aid Pharmacy Pharmacy
  • Western Union Bank Credit Union
  • Amazon Locker - Charu Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.12M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.49M
Owner & transaction history
1458 Mt Pleasant LLC · 2 yrs held
1458 Mt Pleasant LLC
since 2024
Last sale
$2.9M
5 recorded transactions
2026
Price N/A
2024
$2.9M
2021
$5.2M
2021
Price N/A
2015
$1.3M
Zoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.8M +37.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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