request_info_guest false

Mechanicsville, VA - Walgreens

$7,573,000

7039 Mechanicsville Tpke, Mechanicsville, VA 23111

Active
Last Updated: 10/15/2025

7.5

Cap Rate

568,000

NOI

Details:
Cap Rate:    7.5%
NOI:    $568,000
Building Size:    14,550 sqft
Lot Area:    1.41 acres
Year Built:    2011
Description:

• Over 10 years remaining with 10 (5-year) option periods to extend
• Lease is corporate signed by Walgreens Co.
• Located just east of Interstate 295, a major north/south travelling highway averaging 98,000 vehicles passing by daily

• Located as an outparcel to Hanover Village, a 130,000 square foot shopping center with major tenants including Publix, ALDI, Tractor Supply Co, Dollar Tree, and more
• Situated just northeast of Hanover Square, a 268,000 square foot shopping center anchored by Hobby Lobby, Kohl’s, and more
• Positioned a mile northeast of Hanover Square North, an 82,000 square foot shopping center anchored by Marshalls and Old Navy
• Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Target, Kroger, and more, further increasing consumer traffic to the site

Map:
Location
Gallery