5305 Indian River Rd
Virginia Beach, VA 23464
Retail Property For Sale

The subject investment property is situated on Indian River Road, which boasts average daily traffic counts exceeding 82,317 vehicles. Indian River Road intersects with Interstate-64 and Kempsville Road, which bring an additional 146,000 and 36,018 vehicles into the immediate area per day, respectively. There are more than 125,589 individuals residing within a three-mile radius of the property and more than 303,160 individuals within a five-mile radius. This Walgreens property is situated in an affluent suburban community with an average household income of over $92,451 within a one-mile radius. The Walgreens property benefits from being well-positioned on the hard corner of a signalized intersection in a highly dense retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity of this property. Major national tenants include: Food Lion, Harris Teeter, Aldi, Dollar Tree, AutoZone, Chick-fil-A, McDonald's, Panera Bread and KFC among various others. This Walgreens also benefits from being situated within a five-mile radius of several academic institutions. The most notable are Regent University and Bryant & Stratton College, which have a combined total enrollment exceeding 20,000 students. Saint Barnabas Medical Center, a 583-bed, nationally ranked, general medical, surgical and teaching facility, is located less than 10 miles from the subject property. Norfolk International Airport (ORT), the third-busiest airport in Virginia serves over 1,663,294 passengers annually and is located less than 10 miles from this Walgreens. Virginia Beach is the most populated city in Virginia and contains lots of history. Today, while Virginia Beach is the most populated city within the MSA, it actually currently functions more as a suburb. The city of Norfolk is recognized as the central business district, while the Virginia Beach oceanside resort district and Williamsburg are primarily centers of tourism. Virginia Beach has a diverse economy based on private enterprise, thriving tourism, and a strong military presence. The Virginia Beach MSA has the largest concentration of military personnel outside of the Pentagon, with more than 86??,000 active-duty military personnel here representing every branch in the Armed Forces. More than 75 federal facilities and defense installations are located in the Virginia Beach MSA?. Additionally, other major companies headquartered in Virginia Beach include Amerigroup, the Christian Broadcasting Network and Operation Blessing International. Virginia Beach was also ranked at number 45 on Forbes list of best places for business and careers. The city is home to several points of interest such as the Virginia Museum of Contemporary Art, the Virginia Aquarium & Marine Science Center, the Military Aviation Museum, the Virginia Beach Amphitheater, the Edgar Cayce and the Neptune Festival.