Log In/Sign Up
Your email has been sent.
Walgreens 2902 Godwin Blvd 14,847 SF Retail Building Suffolk, VA 23434 $4,000,000 ($269.41/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Top-Visited Location with Strong Sales | Top 16% of Walgreens Locations Nationwide (Placer.ai)
- Over 3,380 Households within 1 Mile | Built-In Customer Base
- Excellent Access & Visibility | Hard Corner at the Signalized Intersection of Godwin Blvd (22,000 VPD) and Kensignton Blvd (6,900 VPD)
- Immediately Adjacent to Sentara Obici Hospital (175 Beds)
- Virginia-Norfolk-Newport News, VA-NC MSA Advantage (Population: 1.8M+)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 14,847-square-foot Walgreens positioned on 1.99 acres in Suffolk, Virginia — part of the broader Virginia Beach-Norfolk-Newport News, VA-NC MSA (Population: 1.8M+). Walgreens’ absolute NNN lease features ±6.7 years of firm term remaining with the potential for up to 50 additional years of term (see OM for more detail).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,847 SF
Building Class
B
Year Built
2007
Price
$4,000,000
Price Per SF
$269.41
Cap Rate
8.25%
NOI
$330,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.99 AC
Zoning
C - Commercial
Parking
72 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
220’ on Godwin Blvd
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 254000895 | Improvements Assessment | $4,312,000 |
| Land Assessment | $1,532,300 | Total Assessment | $5,844,300 |
PROPERTY TAXES
Parcel Number
254000895
Land Assessment
$1,532,300
Improvements Assessment
$4,312,000
Total Assessment
$5,844,300
CONTACTS
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Ty Grenier -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
Jeff Parker, CCIM -
CBRE, Inc.
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | 2902 Godwin Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.