request_info_guest false

Petersburg, VA - Walgreens

$2,765,000

3298 S Crater Rd, Petersburg, VA

Active
Last Updated: 07/11/2025

8.5

Cap Rate

235,000

NOI

Details:
Cap Rate:    8.5%
NOI:    $235,000
Building Size:    14,820 sqft
Lot Area:    1.68 acres
Year Built:    2005
Zoning:    B-1: Shopping Center District
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

Map:
Location
Gallery