Absolute NNN

Walgreens

645 First Colonial Road | Virginia Beach, VA

Download Offering Memorandum

Stats

$8,322,580

Asking Price

7.75%

Cap Rate

$645,000

NOI

NNN

Lease Type

Signalized intersection with 70,000+ combined VPD at the intersection of First Colonial Road & Laskin Road

Location has a beer and wine license

Avison Young | U.S. Capital Markets Net Lease Group Walgreens | Offering Memorandum | 2 Signalized intersection with 70,000+ combined VPD at the intersection of First Colonial Road & Laskin Road Location has a beer and wine license 2015 build-to-suit construction with drive-thru pharmacy window

Lease signed by Walgreens Boots Alliance (S&P: BB | Moody’s: Ba2)

Excellent demographics – 134,375 residents and average household incomes of $107,695 within a 5-mile radius of the property

Several nearby national retailers on the heavily trafficked corridor driving traffic to the property

Close proximity to Oceana Naval Air Station so location fills prescriptions for military personnel