645 First Colonial Rd | Virginia Beach, VA 23451
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645 First Colonial Rd
Virginia Beach, VA 23451
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Lease signed by investment grade tenant – Walgreens (S&P: BBB)
- 2015 build-to-suit construction with drive-thru pharmacy window
- Excellent residential demographics – 135,982 residents and average household incomes of $114,470 within a 5-mile radius of the subject property
- Walgreens 2022 total sales – $132.7B
- Location now selling beer and wine
- Nearby national retailers driving traffic to the direct trade area include Walmart, Whole Foods, Target, Kroger, ALDI, Michaels, and Office Depot
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,904 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.31
Lot Size
1.04 AC
Parking
45 Spaces (3.24 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 2407-78-7523 | Improvements Assessment | $2,858,600 |
| Land Assessment | $1,515,700 | Total Assessment | $4,374,300 |
PROPERTY TAXES
Parcel Number
2407-78-7523
Land Assessment
$1,515,700
Improvements Assessment
$2,858,600
Total Assessment
$4,374,300
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