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Walgreens 3590 Virginia Ave

13,479 SF Retail Building Collinsville, VA 24078 £3,064,270 (£227/SF) 6.25% Net Initial Yield

Investment Highlights

  • Great access & visibility from signalized corner intersection | Virginia Ave & King Mountain Rd | 36,000VPD combined
  • Absolute Net Lease | Zero landlord responsibilities
  • Top 74th percentile of Walgreens in Virginia per Placer.ai
  • New 15 Year Lease Extension | Showing tenant commitment to the site | Leased since 2008
  • Corporate lease | Walgreen Co | 8,886 locations across the US
  • Large parcel | 1.59 acres

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Collinsville, VA. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,479 SF
Building Class
B
Year Built
2008
Price
£3,064,270
Price Per SF
£227
Net Initial Yield
6.25%
NOI
£191,517
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.59 AC
Zoning
B1
Parking
70 Spaces (5.19 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

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Nearby Major Retailers

Carter Bank & Trust
Truist
First Horizon Bank
Buddy's Home Furnishings

PROPERTY TAXES

Parcel Number 015840001 Improvements Assessment £1,742,137
Land Assessment £422,277 Total Assessment £2,164,415

PROPERTY TAXES

Parcel Number
015840001
Land Assessment
£422,277
Improvements Assessment
£1,742,137
Total Assessment
£2,164,415
(704) 379-1985

Contacts

  • Listing ID: 33533559

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 3590 Virginia Ave, Collinsville, VA 24078

The Retail Property at 3590 Virginia Ave, Collinsville, VA 24078 is currently available for sale. Contact Berkeley Capital Advisors for more information.

Nearby Listings

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© 2024 CoStar Group

Walgreens | 3590 Virginia Ave
(704) 379-1985 x

Walgreens | 3590 Virginia Ave

1/3

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

Jake Zapata

(210) 587-5388

(210) 587-5388

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