Richmond, VA

• Listed by Brian Brockman, Bang Realty - Inc, 513-898-1551, [email protected], VA DRE Lic. 225245999.
• Walgreens has been operating at this location since 1999, and in 2019, Walgreens renewed its first 5-year option. In 2024, Walgreens restructured its lease early, extending the firm lease term to 2034.
• Two hospitals totaling 540 beds are both within 2 miles of the property.
• Within 3.5 miles there are currently over 350 new units under construction.
• Situated at a signalized intersection with a combined traffic count of 37,000 vehicles per day.
• There is more than 4.8 million square feet of existing retail space within 2 miles of the property.

We are pleased to market for sale the Walgreens property located at 7900 W Broad St, Richmond, VA 23294 ("The Property"). Walgreens has been operating at the site for 26 years and has over 9 years of firm term remaining before the 5 (5-year) option periods.

Walgreens has been operating at this location since 1999, and in 2019, Walgreens renewed its first 5-year option. In 2024, Walgreens restructured its lease early, extending the firm lease term to 2034, demonstrating the tenant's long-term commitment to the location.

Multiple major medical institutions, including Henrico Doctors’ Hospital and Parham Doctors’ Hospital, are located within 2 miles of the Property. With over 540 beds combined, these hospitals are key healthcare providers for the region, supporting consistent pharmacy demand and reinforcing Walgreens' strategic placement.

The Property also benefits from ongoing residential development, with projects such as The Commonwealth Building and West Chase Townhomes bringing over 355 new residential units to the area. Strategically situated at the signalized intersection of West Broad Street and Hungary Spring Road, the Property benefits from excellent visibility and accessibility, with a combined traffic count exceeding 37,000 vehicles per day.