Available

11+ Year NNN Walgreens in Portsmouth, VA

5917 High St W Portsmouth, VA 23703

$5245000 /$150,000

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Available

11+ Year NNN Walgreens in Portsmouth, VA

5917 High St W Portsmouth, VA 23703

$5245000 /$150,000

7.00% Beds
11.4
$367,178 NNN
  • Absolute Net Lease – zero landlord responsibilities
  • Recent lease extension
  • Strong store sales over $2.9M
  • 15 miles from Norfolk International Airport
  • Preferred 5-year option structure
  • Freestanding building with drive-thru
  • Full Walgreens corporate guaranty

This is an excellent opportunity for an investor to acquire a freestanding NNN Walgreens in the historic city of Portsmouth, VA, just 15 miles from Norfolk International Airport. Walgreens has operated at this location since 2004, and recently extended the lease, demonstrating their commitment to the location and the strength of the store (reported store sales figures are over $2.9M). The prototypical Walgreens, with drive-thru, is situated at the signalized corner of High Street W (Hwy 17) and Tyre Neck Rd. with neighboring retailers including: AutoZone, Starbucks, Aldi, Great Clips, Hardee’s and many more.

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