Petersburg, VA - Walgreens
$2,765,000
3298 S Crater Rd, Petersburg, VA
8.5
Cap Rate
235,000
NOI
Details:
Description:
More than five years remain on the primary lease term, with ten (10) 5-year renewal options providing both near-term stability and long-term flexibility
• Located within a high-traffic retail corridor directly adjacent to national brands, including Taco Bell, Arby’s and Goodwill
• Walking distance to South Crater Square (Dollar Tree, H&R Block, Rent-A-Center) and Pine Hill Plaza, featuring KFC and a mix of regional and local tenants
• The property is also less than 0.3 miles from a Walmart drawing more than 1.5 million annual visitors, a significant traffic generator driving crossover shopping
• Strong tenant mix and dense surrounding retail contribute to a vibrant consumer ecosystem and long-term demand fundamentals
Location

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