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Property summary
This exceptional investment opportunity presents a fee-simple, 11,085 square-foot, single-tenant retail building in Suffolk, Virginia. The property is 100% occupied by Rite Aid under an absolute NNN lease with 10.6 years remaining, expiring June 29, 2035, and includes six, five-year renewal options. The lease commenced June 30, 2015, and features rent bumps. The building, constructed in 2016, is a Class B property situated on a 1.47-acre lot with 48 parking spaces and a convenient… drive-thru. Located at 6150 College Drive, Suffolk, VA 23435, the property boasts excellent visibility and accessibility, situated within a thriving retail corridor with high traffic counts (21,000 AADT on College Drive). The property benefits from strong demographics, including a 3-mile population of 58,777 with an average household income of $113,014. The asking price is $5,815,700, representing a 6.25% cap rate and a net operating income (NOI) of $363,482. The property is zoned B2-General Business/Commercial and shares ingress/egress with a Kroger-anchored center. This is a stabilized investment with minimal landlord responsibilities, offering a secure and attractive return for investors. The property is part of the Harbour View submarket, a key retail area in the Hampton Roads metropolitan area.
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 · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 13 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 · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 11,041 SF
- Lot area
- 1.47 ac
- Year built
- 2016
- Stories
- 1
- APN
- 6*13C*2
- Zoning
- GENERAL COMMERCIAL
- Assessed value · 2023
- $3,241,500
- Annual tax · 2023
- $43,112
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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
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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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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