You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $2,520,000
Drug stores

5917 High W St Portsmouth, VA 23703-4505

14,392 SF 1.76 ac lot Built 2004
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US87-0704982
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple, freestanding Walgreens located at 5917 High St W, Portsmouth, VA 23703. The property, built in 2004, boasts 14,490 square feet on a 1.49-acre lot and features a convenient drive-thru. This single-story building enjoys 100% occupancy with a corporate-guaranteed NNN lease, minimizing landlord responsibilities. The current lease term has 4.8 years remaining, with Walgreens demonstrating strong commitment through a recent extension. Annual sales exceed $2.9 million, reflecting the location's robust performance. The property is strategically situated at a signalized intersection of High Street W (Hwy 17) and Tyre Neck Rd, benefiting from high visibility and traffic flow. Nearby retailers include AutoZone, Starbucks, Aldi, Great Clips, and Hardee's, further enhancing the location's appeal. The asking price is $4,200,000, representing a compelling cap rate of 8.75% and a price per square foot of $289.86. This investment offers a secure, passive income stream with significant upside potential, situated just 15 miles from Norfolk International Airport. The property is offered as a fee-simple ownership with no ground lease. There are no rent bumps included in the current lease.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2004
Construction BRICK
Total area 14,392 SF
Lot 1.76 ac (76,753 SF)
Zoning code GMU
APN 0816-0022
UPID US87-0704982
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
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Walgreens Pharmacy Pharmacy
  • Western Union Bank Credit Union
  • LibertyX Bitcoin ATM Atm
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.92M
Comparable Approach Comparable
$2.28M
Blend (final) Blend
$2.52M
Owner & transaction history
Kaja Holdings 2 LLC · 12 yrs held
Kaja Holdings 2 LLC
since 2014
1 recorded transaction
2014
$22,850
Zoning & alternative use
GMU · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Window signs located in the NMU, GMU, IN, and WF districts; and if consistent with applicable adopted design standards, window signs located in the MU-H district Signs oriented toward the interior of and intended to be viewed from within an outdoor recreation or entertainment establishment or facility Outdoor Advertising Signs (Billboards) These signs requir…

Zone name General Mixed Use
General category MIXED_USE
Zone area 717.41 ac
Top alternative use upside
Office building $2.0M +14.9%
Medical building $1.8M +2.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5917 High W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message