Walgreens

9801 Brook Road, Glen Allen, VA
Price:
$6,344,000
Cap Rate:
4.65%
Current Rent:
$295,000
Lease Type:
Triple Net
Lease Term:
15 Years years
Landlord Responsibilities:
None
Renewal Options:
Seven, 5 Years & One, 2.4 Years
Building Sq. Ft.:
14,820 SF
Site Size:
1.9 Acres

Investment Highlights

  • Brand new 15 Year lease was recently executed showing strength and commitment to the market 
  • Asset situated less than a quarter-mile from two heavily traveled interstates (I-295 / I-95) on a signalized hard-corner intersection with over 40,000 VPD on Brooke Rd. 
  • Affluent sub-market with over 31,000 residents and household incomes exceeding $113,000 within a 3-mile radius
  • Investment grade credit tenant (S&P: BBB) 
  • Essential business with a double drive-thru; continuous operation at this site since 2004 

Listing Agents

Connor Shell

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

Sasha Dominguez

Vice President
786 443 4960
Sasha@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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