Walgreens

• ABSOLUTE NNN LEASE | LEASE EXTENSION AND VALUE-ADD OPPORTUNITY – ±14,560 SF freestanding Walgreens with a drive-thru pharmacy on ±1.12 acres, built in 2003, on an absolute NNN lease with approximately one year remaining. Walgreens has operated at this location for more than 20 years, demonstrating long-term commitment to the site and creating a strong opportunity for a lease extension. A new long-term extension would create significant value on a high-visibility signalized hard corner within one of Norfolk’s strongest retail nodes. The absolute NNN structure keeps the investment passive, with zero landlord responsibilities.
• DOMINANT HARD CORNER | SIGNALIZED INTERSECTION – Positioned at the signalized hard corner of N Military Hwy (US-13) and Lowery Rd with ±62,362 VPD, offering strong visibility and full access. Minutes from the I-64 interchange at Norview Ave, providing regional access across Norfolk, Virginia Beach and Chesapeake.
• REGIONAL RETAIL HUB | NATIONAL TENANT SYNERGY – Located at the center of one of Norfolk’s densest retail concentrations. A Walmart Supercenter sits directly across Military Hwy, and JANAF Shopping Yard is immediately to the south, with about 1,000,000 SF and 147 stores and services. Broad Creek Shopping Center, anchored by Target and The Home Depot, is just to the north. Additional national tenants include Chick-fil-A, T.J. Maxx, Wawa, Panda Express, Ruby Tuesday, Hooters, IHOP, AT&T and Verizon.
• DENSE INFILL DEMOGRAPHICS – $101,755 residents within 3 miles and 307,769 within 5 miles, with average household incomes of $90,473 and $99,629 respectively. Residents within 5 miles account for $3.5B in annual consumer spending, supporting strong retail demand.