Eastern US
- New 15-year lease signed, including 5% rent increases during 8 (5-year) option periods.
- Placer.Ai ranks this location #1 out of 5 Walgreens stores within a 10-mile radius.
- Located in a dense retail corridor with 4.7 million square feet of retail space within two miles.
- Benefits from a regional military presence of ±82,000 active-duty personnel from 15 installations, including ±23,000 employees at Joint Base Langley-Eustis.
We are pleased to market for sale the Walgreens property located at 919 W Mercury Blvd. in Hampton, Virginia ("The Property"). Walgreens has signed a new 15-year lease, showcasing their commitment to this high-traffic site. The lease includes 5% rent increases in the option periods with 8 (5-year) options.
This opportunity allows investors to acquire a corporate-guaranteed location in a market with limited drugstore competition, as the next nearest Walgreens recently closed. Within a 10-mile radius, Placer.Ai ranks this store #1 out of five nearby Walgreens locations.
The Property sits in a dense retail corridor with 4.7 million square feet of retail space within two miles, surrounded by national tenants like Kroger, Home Depot, Target, Walmart Supercenter, and At Home, plus a regional military presence of ±82,000 active-duty personnel from 15 installations, including Joint Base Langley-Eustis (±23,000 employees).
The Property benefits from its location less than a mile from Interstate 64 (152,000 vehicles per day) and at an intersection with a combined traffic count of 67,000 vehicles per day, ensuring high visibility and access. Hampton’s role as a commercial hub is strengthened by its proximity to Joint Base Langley-Eustis and a dense retail environment, making this a stable investment with long-term value.
