Historical Retail Sale Listing - Rite Aid Store with Drive-thru

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Rite Aid Store with Drive-thru

1808 Salem Road, Virginia Beach, VA 23456

N/A

13,813 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
13,813 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
3%
Occupancy:
100%
Tenancy:
Single
Year Built:
2004
Lot Size:
2.30 AC
APN / Parcel ID:
1475-92-4954-0000
Listing ID
17852953
Last Updated
over 1 year ago

Highlights

  • Eleven (11) years remaining on initial term (exp 12/31/23) with four (4) five-year renewals
  • Excellent location at signalized intersection of Independence Boulevard and Salem Road
  • Independence 17,645 vpd, Salem 11,834 vpd
  • 2011 demographics three-mile radius: 111,990 population; 39,202 households
  • Freestanding Navy Federal Credit Union on adjacent lot
  • Solid brick construction built in 2004

Description

Freestanding Rite Aid with Drive-thru, offered at 8.5% cap rate

Located at the signalized intersection of Independence Boulevard and Salem Road, with 350 ft frontage on Independence and 420 ft frontage, two curb cuts and dedicated turn lane on Salem Rd-13,813 sq ft structure on 2.296 acres-Eleven (11 years remaining on initial term (exp 12/31/23) with four (4) five-year renewals-Excellent location at signalized intersection of Independence Boulevard and Salem RoadIndependence 17,645 vpd, Salem 11,834 vpd-2011 demographics three-mile radius: 111,990 population; 39,202 households-Freestanding Navy Federal Credit Union on adjacent lot-Solid brick construction built in 2004

Map of 1808 Salem Road, Virginia Beach, VA 23456

Research for 1808 Salem Road, Virginia Beach, VA 23456 (Virginia Beach City County)

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