Chester, VA (Richmond MSA) - Walgreens

Description:

• The tenant currently has 11+ years remaining on their initial lease with 8 (5-year) options to extend, demonstrating their commitment to the site
• Walgreens has a storied heritage of caring for communities for generations, and proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Kroger, Target, Home Depot, Dunkin’, Ulta, HomeGoods, Hobby Lobby, Lowe’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Thomas Dale High School (2,570 students), CE Curtis Elementary School (727 students), Hyde Park Townhomes and Ashton Creek Apartments, further increasing consumer traffic to the area
• The asset is located at the signalized, hard corner intersection of W Hundred Rd and Centre St with a combined 46,000 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 95, a major thoroughfare that averages 128,000 VPD
• The asset has excellent visibility via significant street frontage and a large monument sign
• Multiple points of ingress/egress
• More than 85,000 residents and 37,000 employees support the trade area
• $109,307 affluent average household income