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Drug Store

Walgreens | 10+ Years Remaining | Across from Regional Walmart Location

1102 N Main St, Marion, VA 24354

Listing Price: $5,366,668

Tenant Name
Walgreens
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.13

Investment Overview

Walgreens is situated upon a 1.499-acre parcel along Lee Highway with four-way accessibility at its signaled intersection with Park Boulevard. Walgreens is positioned between synergistic retailers McDonald’s and Advance Auto Parts with two means of access. The Property features a dual drive-thru and a shared access point with McDonald’s, which according to Placer.ai geofencing data ranks in the top 21 percent statewide, 78th of 357 stores. Starbucks and T-Mobile are also joining the market in the near term. A Chicago real estate developer announced plans for a 0.69-acre Starbucks pad in front of the Walmart to be completed in the first quarter of 2022, while T-Mobile opened in the former Bojangles restaurant 0.4 miles north

Investment Highlights

  • Prominent 1.499-Acre Signalized Parcel
  • Proximate to 680,000 Square Foot General Dynamics Complex
  • County Seat Location with I-81 Accessibility

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Drug Store

Walgreens | 10+ Years Remaining | Across from Regional Walmart Location

Listing Price: $5,366,668

Tenant Name
Walgreens
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.13

Investment Highlights

  • Prominent 1.499-Acre Signalized Parcel
  • Proximate to 680,000 Square Foot General Dynamics Complex
  • County Seat Location with I-81 Accessibility

Investment Overview

Walgreens is situated upon a 1.499-acre parcel along Lee Highway with four-way accessibility at its signaled intersection with Park Boulevard. Walgreens is positioned between synergistic retailers McDonald’s and Advance Auto Parts with two means of access. The Property features a dual drive-thru and a shared access point with McDonald’s, which according to Placer.ai geofencing data ranks in the top 21 percent statewide, 78th of 357 stores. Starbucks and T-Mobile are also joining the market in the near term. A Chicago real estate developer announced plans for a 0.69-acre Starbucks pad in front of the Walmart to be completed in the first quarter of 2022, while T-Mobile opened in the former Bojangles restaurant 0.4 miles north

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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