Receiver Sale: Walgreens | Staunton–Stuarts Draft MSA | 28K VPD

Highlights:

• Established National Tenant: Walgreens is open and operating under an absolute NNN lease with nearly 5 years remaining and six 5-year renewal options featuring 5% rent bumps.
• Below-Market Rent Upside: Current lease terms offer a mark-to-market opportunity upon tenant rollover, enhancing long-term value creation.
• High-Traffic Corner Location: Positioned at the intersection of Stuarts Draft Hwy and Tinkling Spring Rd with over 28,000 vehicles per day, ensuring strong visibility and access.
• Adjacent Retail Anchor: Neighboring Food Lion ranks in the 85th percentile for foot traffic among its locations, driving consistent consumer activity to the corridor.
• Explosive Population Growth: The 1-mile radius population has surged 37.4% since 2010, with new multifamily development underway just one block from the site.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2892/receiver-sale-walgreens-staunton-stuarts-draft-msa-28k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2892


Jones Lang Lasalle Americas, Inc. (“JLL”), in conjunction with RI Marketplace, is pleased to present for sale the Walgreens in Stuarts Draft, VA (the “Property” or “Asset”). The Property comprises 11,055 of rentable space situated on 1.52 acres of land. Located on at the corner of Stuarts Draft Hwy and Tinkling Spring Rd with optimal exposure to more than 28,000 VPD, the Asset provides investors with a unique opportunity to collect stabilized cash flow from a nationally established tenant and strong potential future redevelopment/leasing upside. Walgreens’ below-market rent will allow ownership to create a “mark-to-market” situation on future tenants. Walgreens has nearly 5 years of guaranteed remaining term on its lease and six, 5-year renewal options with 5% rent bumps each period. The adjacent corridor boasts a retail landscape of top brands and is anchored by the adjacent Food Lion Grocery Store that ranks in the 85th percentile for most frequented Food Lion locations.

Located in the Shenandoah Valley region of northern Virginia is the city of Stuarts Draft. Home to nearly 10,000 residents, the city’s population has continued to flourish in recent years due to its growing economic landscape and centralized location between nearby hubs such as Staunton, Waynesboro, and the broader Shenandoah Valley. Since 2010, the surrounding 1-mile population has grown by 37.4%. To accommodate the growing demand, a 50-unit, Class B apartment complex is currently under construction one block from the Property and is slated to open in January 2026.

This opportunity presents investors with a rare opportunity to capitalize on a low-basis asset with tremendous upside in a major growth pocket with exceptional real estate fundamentals


Lamar P. Fisher
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: