1031 Armory Dr.

For Lease 10,908 SF

1031 Armory Dr, Franklin, VA 23851

Armory Drive (11,401 VPD) and S. College Drive (8,755 VPD) in Franklin, VAPrime 10,908 SF freestanding former Rite Aid with drive-thru available for lease at the prominent, signalized hard corner of Armory Drive (11,401 VPD) and S. College Drive (8,755 VPD) in Franklin, VA. This property occupies a prime position within the Franklin retail corridor and is located just one mile from I-58. Franklin’s strategic location gives this submarket a broad regional appeal, drawing customers from nearby areas such as Courtland, Suffolk, Newsoms, and Carrsville, VA.

Key features

  • 1.17 Acre Parcel
  • 1-Mile from I-58 (20,075 VPD)
  • Directly across from Paul D. Camp Community College
  • Existing Drive-Thru
  • Left-in Access via Armory Drive and S. College Drive
  • Prominent Pylon Signage
  • Surface Parking - 55 Spaces
  • Zoning - B-3: General Business District

Rental Details

  • Number of spaces 1
  • Total square feet available 10,908 SF
  • For Lease Price on request
  • Space Type Retail
  • Lease Type NNN
  • Latest Update Sep 28, 2026
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1 Space Available

Former Rite Aid

Space Type
Retail
Lease Rate
Price on request
Total Space
10,908 SF
Lease Type
NNN

Contacts

Kris Fuller

Divaris Real Estate

Building Details

  • For Lease Price on request
  • Property Type Retail - Freestanding
  • Property Size 10,908 SF
  • Lot Size 1.17 Acre
  • Additional Rent Price on request
  • Parking Spaces Avail. 55
  • Parking Ratio 5.04 / 1,000 SF
  • Building Class A
  • Year Built 2000
  • Date Updated Sep 28, 2026

Location

  • City Franklin, VA
  • Zip Code 23851
  • Market Richmond Tidewater
  • Walk score 54/100 Somewhat Walkable
  • Bike score 39/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Love's

0.70 miles

Tesla Destination Charger

0.96 miles

BP

1.03 miles

Mobil

1.04 miles

Shell

2.41 miles

Sunoco

4.83 miles

7-Eleven

5.70 miles

Boat Launch

7.42 miles

Food Lion

0.55 miles

Belk

0.62 miles

Hubbard Peanut Company

0.88 miles

Walmart Supercenter

0.97 miles

Holland's General Store

8.72 miles

Listing Summary

  • Property Characteristics

    This retail property is rated Class A based on its characteristics, amenities, and location. Located at 1031 Armory Dr, it was completed in 2000.

    1031 Armory Dr offers 55 parking spots, making for a parking ratio of 5.04 / 1,000 SF.

  • Retail Space Available

    The property exclusively contains Retail space totaling 10,908 square feet. The leasing opportunity here is available under NNN lease terms.

  • Space Sizes
    • 1031 Armory Dr includes 1 large retail space of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations.
Contact Kris Fuller
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