Entity Owned Property summary
This exceptional investment opportunity presents a 13,678-square-foot Walgreens pharmacy located in Chesapeake, Virginia, on a 1.58-acre lot. Built in 2002, the property boasts a strong 6.20% cap rate and a substantial net operating income (NOI) of $275,500. The Walgreens NNN lease commenced in November 2023 and has approximately 14 years remaining, featuring 5% rent increases every five years and in each of the twelve five-year renewal options. The asking price is $4,443,548, translating to… $324.87 per square foot. The property enjoys excellent visibility and accessibility at a signalized intersection with high daily traffic volume, situated near major roadways and surrounded by a dense concentration of retail establishments, including a Kroger-anchored shopping center and other national brands. The location benefits from a substantial built-in customer base, with over 25,170 households within a three-mile radius. This prime retail location is part of Chesapeake's primary commercial corridor, surrounded by a mix of retail, office, industrial, and multifamily properties. The property's position within the Virginia Beach-Chesapeake-Norfolk MSA (population exceeding 1.82 million) provides access to a large and diverse consumer base, further enhanced by the region's robust economy driven by defense, tourism, and other key industries. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant long-term growth potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2019
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 13,703 SF
- Lot area
- 1.62 ac
- Year built
- 2002
- Stories
- 1
- APN
- 481001000020
- Zoning
- B1: NEIGHBORHOOD BUSINESS
- Assessed value · 2023
- $4,578,500
- Annual tax · 2019
- $35,610
- Restaurant
- Auto Repair, Garage
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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