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Walgreens 3590 Virginia Ave 15,314 SF Retail Building Collinsville, VA 24078 $3,762,000 ($245.66/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Great access & visibility from signalized corner intersection | Virginia Ave & King Mountain Rd | 36,000VPD combined
- Absolute Net Lease | Zero landlord responsibilities
- Top 74th percentile of Walgreens in Virginia per Placer.ai
- New 15 Year Lease Extension | Showing tenant commitment to the site | Leased since 2008
- Corporate lease | Walgreen Co | 8,700+ locations across the US
- Large parcel | 1.59 acres
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Collinsville, VA. We welcome your review of this attractive investment
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,314 SF
Building Class
B
Year Built
2008
Price
$3,762,000
Price Per SF
$245.66
Cap Rate
6.50%
NOI
$244,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.59 AC
Zoning
Commercial
Parking
70 Spaces (5.19 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 015840001 | Improvements Assessment | $2,224,100 |
| Land Assessment | $539,100 | Total Assessment | $2,763,200 |
PROPERTY TAXES
Parcel Number
015840001
Land Assessment
$539,100
Improvements Assessment
$2,224,100
Total Assessment
$2,763,200
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Walgreens | 3590 Virginia Ave
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