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Walgreens - Richmond (Mechanicsville) VA 7039 Mechanicsville Tpke 14,550 SF Retail Building Mechanicsville, VA 23111 $7,573,000 ($520.48/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 10 Years Remaining | Corporate Signed | Interstate 295 (98,000 VPD)
- Hanover Village (130,000 SF) | Hanover Square (268,000 SF) |Hanover Square North (82,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• Over 10 years remaining with 10 (5-year) option periods to extend
• Lease is corporate signed by Walgreens Co.
• Located just east of Interstate 295, a major north/south travelling highway averaging 98,000 vehicles passing by daily
• Lease is corporate signed by Walgreens Co.
• Located just east of Interstate 295, a major north/south travelling highway averaging 98,000 vehicles passing by daily
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2011
Price
$7,573,000
Price Per SF
$520.48
Cap Rate
7.50%
NOI
$568,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.41 AC
Zoning
B3
Parking
57 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8714-98-2353 | Improvements Assessment | $2,206,400 |
| Land Assessment | $1,173,100 | Total Assessment | $3,379,500 |
PROPERTY TAXES
Parcel Number
8714-98-2353
Land Assessment
$1,173,100
Improvements Assessment
$2,206,400
Total Assessment
$3,379,500
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Walgreens - Richmond (Mechanicsville) VA | 7039 Mechanicsville Tpke
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