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Walgreens Danville, VA


1520 Piney Forest Rd Danville, VA 24540
Walgreens Danville, VA


SQ FEET 14,550

CAP RATE 6.40%


Investment Highlights

Stable Corporate Lease
Walgreens, a major retailer listed on NASDAQ with substantial annual revenues exceeding $139 billion in 2020, has committed to a long-term 25-year lease, ensuring consistent rental income and investment stability.


Strong Credit Rating
The tenant’s BBB credit rating from Standard & Poor’s reflects a robust financial position, underpinning the investment’s security.


Strategic Location
This Walgreens is advantageously positioned on a hard corner with a drive- thru. It enjoys outstanding visibility and accessibility, situated along one of Danville’s primary traffic routes, which enhances convenience for customers.


High Traffic Volume
With daily combined traffic counts exceeding 41,700 vehicles, this location on one of the city’s main retail corridors ensures continuous high customer footfall and visibility.


Reduced Competition
Located in an extremely underserved community with very limited drug store competition relative to the population, this Walgreens stands out as a crucial provider of pharmacy services, thereby enhancing its market strength and customer base in the area.

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