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Current Inventory

New Small-Format Walgreens

510 East Stuart Street, Galax, VA, 24333
  • Agent(s):
    Kyle Hartung
  • Name:
    New Small-Format Walgreens
  • Address:
    510 East Stuart Street, Galax, VA, 24333
  • Total SF:
  • Lot Sizes:
    0.84 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

» Full Offering Memorandum


For sale to qualified investors is the fee simple interest in a brand new corporate lease with Walgreen Co. in Galax, Virginia. The new building is projected to be turned over to Walgreens in early March for a late March 2023 store opening, which will provide the investor with 10 full years of guaranteed lease term plus options. The building is the newest small-format drive-thru prototype for the company and is located within walking distance to Twin County Regional Healthcare’s Galax Hospital ( The modern store design allows Walgreens to cater to their main customers while selling only their highest margin items and focus on primarily on prescriptions and over-the-counter medication. The lease is triple net and features a firm, corporately-guaranteed 10-year initial lease term. Walgreens has operated a full-size store in Galax for many years and chose this site as the relocation of that store and transition to the company’s newest prototype. From a long-term investment perspective this asset “checks all of the boxes” with a modern, small drive-thru format, hand’s-off corporate lease, and relocation of an already-successful store in the market.


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