Walgreens

4238 W. Hundred Road, Chester, VA
Deal Type:
Net Lease
Price:
$5,161,000
Cap Rate:
4.65%
Current Rent:
$240,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
Seven, 5 Years and One, 1.7 Years
Building Sq. Ft.:
14,820 SF
Site Size:
1.54 Acres

Investment Highlights

  • 15 Year Absolute NNN lease offering an investor ZERO landlord responsibilities and a true passive investment with no management
  • Walgreens has been successfully operating at this location since 2004; low rent in comparison to other Walgreens nationally
  • The asset is strategically located on a signalized hard-corner with over 38,000 VPD at intersection
  • Essential business with an investment grade tenant offers an investor a low risk investment
  • Well performing store with recently executed long-term 15 year lease showing their commitment to this location

Listing Agents

Sasha Dominguez

Vice President
786 443 4960
Sasha@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | Newport Beach, California | A Licensed Virginia Broker #0226032019
Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY

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